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According to a new study published by the Color Diamond Research Foundation (FCRF), diamond prices will rise steadily as the supply of China Jewelry Factory declines due to the decline in diamond resources, and the rarity of colored diamonds will increase its price. Fast, and the second-hand diamond market will flourish.
The report said that the diamond market is slowly changing. Currently, 40 diamond mines worldwide account for 90% of global diamond production, but 98% of diamond mines will be exhausted in 40 to 60 years. In addition, the growth rate of the global affluent population is much higher than the speed of diamond mining. According to Swiss Credit Suisse’s annual global wealth report, in the year 2018, the number of new millionaires in the United States reached 1.1 million. Will increase significantly.
This means that in the case of reduced diamond production from diamond mines, the secondary market will be the largest source of diamonds. However, the second-hand diamond market will impact the current business model, and diamond verification services are even more important; synthetic diamonds may be repositioned. The purchase of diamonds as a speculative and long-term investment is more pronounced when prices are pushed up.
The above content is provided by China Jewelry Factory – Shenzhen YIBI Jewelry.
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