Who is the Largest Buyer of Diamonds? Insights into the Diamond Market

Discover who accounts for the largest share of diamond purchases globally and what drives this demand in the luxury market.

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The United States is the largest buyer of diamonds, accounting for nearly half of the global jewelry demand. This high demand is driven by a robust luxury market and a strong tradition of diamond engagement rings.

FAQs & Answers

  1. What percentage of global diamond demand comes from the US? The United States accounts for nearly half of the global diamond jewelry demand.
  2. What trends are driving diamond purchases in the US? A robust luxury market and strong traditions surrounding diamond engagement rings significantly influence diamond purchases.
  3. What other countries are major buyers of diamonds? Other significant buyers of diamonds include China and India, though their market shares are smaller compared to the US.
  4. How do engagement rings impact diamond sales? Engagement rings create a substantial demand for diamonds, influencing sales trends and market dynamics.

Watch More

For more insights into the diamond industry, check out our videos on the history of diamonds, trends in luxury goods, and how to choose the perfect engagement ring.

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