De Beers pins hope on India, China for revival in 2017 jewellery demand

This comes in the back of slowdown in consumption of jewellery in the US

With the US jewellery market, the world’s largest, having reported a slowing in demand during the March quarter, De Beers pins hope on India and China for growth this year.

In an annual study, Diamond Insight, the London-based diamonds mining entity said, “While US demand drove global growth in 2016, it is increasing demand from emerging markets that is behind the last five years being the strongest on record. Despite some markets facing challenging conditions last year, we see this trend continuing, with improvements in demand from China and India, in particular, emerging in 2017.”

The study said the US contributed around