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Analyzing the Global Diamond Industry

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Market

Agriculture, Farming & Raw Materials

Report Type

Market Research

Country

Global

Published

5 March 2013

Number of Pages

240

Report Delivery

Email

Delivery Lead Time

1-3 hours, 24 hour max

Publisher

Aruvians RSearch

File Format

PDF

Global diamond market: United States dominates with 7% growth in sales during 2012

The global diamond market is expected to do well in the coming five years ahead. Despite lingering concerns about the global economy, the diamond industry has been surprisingly resilient over the past few years. Although it appeared the recession would slow sales of diamond jewellery, overall demand has continued to grow. Diamonds were as resilient as the overall luxury category. Last year it was projected that sales of diamond jewellery would return to pre-crisis levels by 2013, a projection that can be called over-optimistic. In fact, sales surpassed their pre-crisis peak in 2011, two years earlier than anticipated. Overall, 2011 saw retail sales of diamond jewellery reach a new high, growing 18% from 2010. Diamonds were as resilient as the overall luxury category. 2012 saw retail sales of diamond jewellery reach a new high, growing 18% from 2010.

Powered by strong demand, the diamond market in all countries is developing rapidly. The number of retail jewellery outlets is soaring, and a growing number of consumers are adopting the Western practice of giving gifts of diamond jewellery to celebrate engagements, weddings and anniversaries. Many consumers are coming to view diamonds as investments. Some more established markets grew more slowly or suffered setbacks in 2011.

The US, the world's largest diamond jewellery market, posted a 7% gain in sales as the country's economy rebounded, with a 1.7% increase in 2011 GDP. Consumer confidence there continues to strengthen. European sales of diamond jewellery fell slightly from 2010 to 2011, while sales in Japan slid by 6%. De Beers announced plans to decrease output to between 28 million and 30 million carats -- a cut of 5% to 10% compared with 2011. Rio Tinto expects to post growth based on the performance of the first nine months of 2012, because of a 17% increase in output from the Argyle mine and a 5% increase from the Diavik mine. ALROSA is expected to maintain current production levels.

ALROSA, BHP Billiton, De Beers, Rio Tinto are the top players in the industry. The diamond industry opposed stringent government regulation when the Kimberley Process diamond certification scheme was being negotiated ten years ago, and the trade was largely left to police itself. Companies committed to put in place a system of self-regulation to help combat blood diamonds and to support the government-led scheme. Global diamond trade bodies developed the 'System of Warranties', a voluntary industry scheme which encourages companies to place a statement on invoices declaring the enclosed diamonds to be conflict-free. But a statement simply assuring consumers that diamonds are not from conflict sources is meaningless unless it is backed up by measures to verify that the information is true.

The diamond industry also faces a period of considerable change. Soaring demand from China has shown a similar pattern to the US over the years. It means a buoyant outlook despite the short-term ructions. Yet both BHP Billiton and Rio Tinto are trying to sell their diamond mines. With the market still tightly held and few large discoveries in the past two decades, the mining groups have struggled to expand their market share. Accounting for less than 1% of the miners' profits, the diamond operations are not large enough to justify management's time on a sector that shares few attributes with their larger segments. For the industry such experiments are part of attempts to sustain the demand for diamonds since De Beers moved away from championing the entire sector.

Report Scope

This report analyzes the global diamond industry in its research report Analyzing the Global Diamond Industry. The report begins with an analysis of the global mining industry and we analyze the industry through an industry definition, industry statistics, industry value and volume analysis, industry segmentation and an industry forecast.

An introduction to diamonds follows. We look at the history of diamonds, the material properties of diamonds, how diamonds are formed, the emergence of rough diamonds, a look at the Kimberley Process amongst others. We analyze the role De Beers played in making diamonds popular and in establishing a proper marketing strategy for diamonds over the years.

Moving on to the analysis of the global diamond industry, we analyze the industry through an industry overview, industry segmentation, supply and demand scenario of the industry, etc. We also analyze the value chain of the global diamond industry, an industry cost analysis and a look at the regulatory framework affecting the global diamond industry.

An analysis of the market for synthetic diamonds follows. We analyze the industry and look at the industrial applications of synthetic diamonds, synthetic diamonds being used for gems and a comparison between synthetic and natural diamonds.

Key diamond markets are analyzed in this report as well. We look at over ten markets such as Angola, Botswana, Democratic Republic of the Congo, Israel, China, India, Russia, the US, South Africa, amongst others.

Factors impacting the global diamond industry are analyzed followed by an outlook for the global diamond industry. We further take a look at the major diamond mines worldwide and the major players in the global diamond industry such as ALROSA, De Beers, BHP Billiton, etc.

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Select License Type

Electronic License

Electronic License

An electronic version (mostly PDF, but can be Excel or PPT), which is either available for immediate download or will be sent via email by the Publisher of the report. The licencing for an electronic version is for use by the purchaser ONLY.

Site License

Site License

An electronic version (mostly PDF, but can be Excel or PPT). Where the report(s) is intended for use by more than one individual, across for example, a site, an office, or a division or country.

Corporate License

Corporate License

An electronic version (mostly PDF, but can be Excel or PPT). Where the report(s) is/are intended for use by an organisation in its entirety. For example, if reports are put on an Intranet or if they are distributed or used by more than one office, division, or country operation, then a Corporate Licence is required.

Hard Copy License

Hard Copy License

As described. Hard copy reports are dispatched in the post/mail. However, the majority of our reports are in PDF and are either available for immediate download or they are sent by email within hours of purchase.

Disk License

Disk License

As described. The CD-Rom (where available) is dispatched in the post/mail. However, the majority of our reports are in PDF and are either available for immediate download or they are sent by email within hours of purchase.

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