After decades at the top, the natural diamond industry has faced ups and downs in recent years. A surge in lab-grown diamonds and rising tariffs challenged traditional players.
Now, demand is stabilizing with a notable recovery in key markets. China’s market, in particular, is emerging as a powerhouse for luxury gems, shaping the industry’s next chapter.
CGTN correspondent Wang Tianyu spoke with Paul Rowley of De Beers Group to discuss what lies ahead. Rowley highlighted that while the lab-grown segment continues to grow, natural diamonds still hold a unique appeal for consumers seeking heritage and rarity.
Looking ahead, Rowley remained optimistic about the sector’s outlook. As global economies navigate challenges, the diamond industry is finding fresh momentum—sparkling once again on the world stage.
Reference(s):
De Beers: Global diamond demand stabilizing amid market challenges
cgtn.com
