Global Diamond Market to Reach $41.49 Billion in 2024, Asia Pacific Demand Surges
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The global diamond market is set to reach $41.49 billion by 2024, with significant growth driven by demand in the Asia Pacific region. Increasing affluence, urbanization, and changing consumer preferences propel this demand, particularly in China and India. The rise in disposable incomes supports luxury goods investment, while online retail channels improve market access. Furthermore, synthetic diamonds are gaining traction due to technological innovations that boost quality and availability. Challenges such as supply chain pressures and competition from synthetic diamonds necessitate strategic adaptation. As market dynamics evolve,…
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