There are growing expectations associated with the opening exhibitions in Las Vegas. Various diamond and jewelry trade events that take place every year at the end of May tend to signal a mood in a very important market, which is the United States. And these signals have their influence on all aspects of the distribution chain of diamonds and diamonds.
According to many, in the trade in diamonds at the exhibitions this year is not expected to boom. Nevertheless, these exhibitions are expected to restore some confidence in the trade. After all, in the US, demand for diamonds remained stable in a weak global market in 2014-15.
This should not be taken lightly, given that the United States accounted, by some estimates, for 45 percent of the global demand for diamond jewelry in 2014, as reported by De Beers. More importantly, the US is projected to retain its market share until 2018, despite continued growth in China and India.
The mood in the diamond market has experienced a decline as these emerging markets have begun to experience increasing difficulties this year and in the past. While growth in China stimulated the growth of the diamond industry in previous years, its apparent slowdown naturally caused an industry decline. In this regard, the trade again turned to the US for support. Being basically a typical mature market, the US tends to remain fairly constant, showing not the best results in good times and demonstrating strong performance in weak market conditions.
In truth, there remain some questions about the state of the diamond and jewelry market in the United States. While the positive reports coming from within the industry were largely sporadic, reports from the retail sector were mixed. Of course, Christmas was disappointing, and government data show that jewelry sales have been consistently falling, falling below the levels of the previous year each month since October
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