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Tuesday 8 November 2011

China's diamond demand sparkles

New couples and consumers in smaller cities driving sales of precious stones 

TIANJIN - The fifth-largest diamond producer in the world said on Tuesday that China's demand for the precious stones will steadily increase in spite of rising prices.

Empresa Nacional de Diamantes (Endiama), the national diamond company based in Angola, said that the Chinese market had accounted for up to 40 percent of its exports annually on average over the past three to five years.

The company is also seeking Chinese partners to help explore, produce and distribute the gemstones.   More

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