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Global Diamond Sales Face Recession, According to New Report

1 month ago   |   By WWD

The diamond industry appears to be facing signs of a recession, according to a new study issued by Bain & Co. The firm's annual global diamond industry report outlines diamond sales for 2018 and the first half of 2019, and paints a picture of how global instability has rattled consumers.
According to the study, global diamond sales are set to clock a 2 percent decrease in 2019, although “the strength of the holiday shopping season will determine the final outcome.” Rough diamond sales fared even worse - dropping a total of 25 percent.
Bain said the U.S. and China are the biggest...
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