Demand for diamonds continues to grow despite the economic troubles in many countries. Retail diamond sales for 2011 (the latest data available) soared 18% over 2010 and exceeded the prefinancialcrisis peak, new research by Bain & Company shows. The industry is on track to post further sales gains in 2012.
China and India will account for most of that growth, we found, as their middle classes expand and more families adopt the Western practice of giving diamond jewelry to celebrate engagements, weddings and anniversaries.
Ian Gallachers Blog
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