According to a recently released report in the field of the gemstone and jewelry industry, it was found that jewelry sales figures in India and China combined exceeded sales of the US, traditionally the world's largest consumer jewelry market, Israelidiamond.co.il reports. a reference to Jewelry News Asia.
The report, entitled "Forecasting the Development of the World Gem Market," among other things, notes that India is the largest importer of rough diamonds and an exporter of diamonds, while China is the largest consumer of platinum, while India and China are the world's largest consumers of gold.
According to Jewelry News Asia, other eastern countries, such as Vietnam and Thailand, are also large and active consumers of gold.
The authors of the report - TechSci Research - forecast that, amid rising disposable incomes in the Middle East and the Far East, the international jewelry market will continue to show an increase in turnover by an average of 5% per year and reach an annual turnover of $ 272 billion in 2018.