[miningmx.com] – GLOBAL diamond jewellery demand for 2015 would be “relatively flat” compared to 2014, said BDLive citing comments made by De Beers CEO, Philippe Mellier in the group’s 2015 Diamond Insight Report.
“In 2015, while there may be growth in local currency in some markets, the continued strengthening of the US dollar against all major currencies, coupled with a slowdown in economic growth in China, is likely to lead to global diamond jewellery demand for the full year being relatively flat compared with 2014 levels,” said Mellier.
Global diamond jewellery sales rose nearly 3% last year to a record $80bn despite a slow-down in the second half because of a firming dollar against the currencies of key diamond-consuming countries, said BDLive.
Global diamond production volumes fell 3% last year to 142-million carats. But firmer prices last year meant this production was valued at more than $19bn, 6% higher than the previous year, it said.
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