The outlook for 2017 is stable across the segments of the diamond value chain. Rough-diamond suppliers posted a 3 revenue decline in the first half of 2017, as lower-priced assortments made up an increased share of their sales. In 2015, retail sales of diamond jewelry grew 3 at constant exchange rates but declined about 2 in US dollar terms. The US remained the sales growth engine of the global diamond jewelry market, as the same-store revenues of mainstream US jewelry retailers improved, reflecting strong middle-class consumption. The most effective players have robust businesses, but the segment at large still needs to address chronic constraints. Chief among them are securing access to financing and continuously improving business models to sustain profitability amid price volatility. The 2030 supply-demand forecast considers recent changes in mining operations and expected global macroeconomic effects. RELATED INSIGHTS Dealing with Two-Speed China 2016 Holiday Outlook: 'Tis the Season to Start Shopping. The Global Diamond Industry 2015: Growth Perspectives amid Short-Term Challenges.
There are three key, persistent challenges facing the diamond industry, and the industry is renewing efforts to turn them into opportunities. One of the most urgent challenges is the slowdown in demand for diamond jewelry.