Shaping the future of the diamond industry

Jul 12, 2024

Lucapa 2023 page 0003 1After several dynamic years that have seen the rise of LGDs, Covid-19, and the sharp boom as pandemic restrictions eased, the diamond industry now faces a critical moment. Macroeconomic fundamentals—income, wealth, and disposable income—and emerging middle-class growth are important.

But unlike most non-luxury commodities, desirability is key to the long-term industry outlook. Demand, underpinned by some of the world’s most recognizable historical marketing campaigns, faces recent challenges. The industry structure is changing. Yet through analysis of the supply and demand fundamentals, one can see a positive outlook for the industry.

New natural diamond supply remains limited. The industry has an opportunity-unique among mined products-to catalyze industry participants across the value chain to continue to restore the attractiveness of natural diamonds and stimulate new demand in new demographics, growing emerging markets, and new purchase occasions.

India is forecasted to experience robust demand growth of approximately 5 to 8% CAGR through 2033. The growth will be underpinned by rising disposable incomes, a strong jewelry demand, expanded retailer operations, and a further building of desirability for diamond jewelry catalyzed by the diamond jewelry industry.

This is a unique characteristic of the natural diamond industry. And it is a uniquely important point in time for the industry to collectively set a clear strategic direction to benefit from this. This is said in the recently published diamond report.

You May Also Like

Facebook Feeds

Cover for Heera Zhaveraat
94,166
Heera Zhaveraat

Heera Zhaveraat

Offical Facebook account of heerazhaveraat.com, homepage for Trade News, Articles and Promotion of D

This message is only visible to admins.
Problem displaying Facebook posts.
Click to show error
Error: No posts available for this Facebook ID

Twitter Feeds

✨ Watch jewellery come to life at DJGF 2026!Experience the Live Art Space, where skilled artisans bring Thewa Art and Silver Jewellery to life before your eyes.📍 Bharat Mandapam, New Delhi
📅 26–28 Sept 2026DJGF 2026 — An Experience Beyond Exhibition.

💎 SAVE ₹2,500 ON YOUR VISIT!Be part of Jewellery & Gem DELHI – Apna Delhi Wala Show, North India’s No. 1 B2B Jewellery Show.✨ 750+ Exhibitors | 3,000+ Brands
📅 26–28 Sept 2026
📍 Bharat Mandapam, New DelhiRegister online & save ₹2,500!

DJGF 2026 IS SOLD OUT!

Exhibitor space for the 14th edition is officially fully booked. Thank you to our exhibitors, partners & the jewellery fraternity for the incredible support!

📅 26–28 Sept 2026
📍 Bharat Mandapam, New Delhi
#DJGF2026 #SoldOut #B2BJewelleryShow

Delhi Jewellery & Gem Fair is back with its 14th edition of North India’s iconic B2B jewellery expo! 💎

📅 26–28 September 2026
📍 Bharat Mandapam, New Delhi
Connect, discover and explore new opportunities across the jewellery industry.

3

Load More

HZ is the Official Supporter of :

Member Of

Founder Member Of