The year 2015 was very tough and challenging one for the diamond industry. A decline in consumer demand for diamond jewelry that started in 2014 in Greater China had a ripple effect throughout the diamond industry that lasted into 2015. Weaker-than-expected customer demand hurt polished-diamond sales as retailers reduced procurements of the polished diamonds. The …
Tag: Scandinavia
The Future European Union Jewelry Market
Worldwide jewelry sales is still on the rise and were estimated at € 119 billion in 2007. The main markets were USA (€ 36.0 billion), EU (€ 23.9 billion), Middle East (€ 11.4 billion) and, since 2005, China (€ 10.4 billion) and India (€ 9.7 billion). Together these markets accounted for nearly 75% of global …