Diamond analyst Paul Zimnisky predicts that diamonds have a bright future in the robust Indian consumer market.
During a recent investor event, India’s Titan said it is aiming to grow its “flagship jewellery business” by 2.5-times over the next five years.
For context, the Indian “lifestyle” conglomerate generated ₹27,456 crores ($3.5 billion) in sales last year – jewellery represented 88% of that, followed by watches at 9% and eyewear plus perfume and cosmetics at 3%. Click here to read full article. https://gjepc.org/solitaire/indias-younger-generations-could-be-a-boon-for-global-diamond-demand/