AWDC and Bain & Company release 2012 report on diamond industry

Antwerp World Diamond Centre (AWDC) and Bain & Company have together released the second of their reports on the diamond industry, this time focusing on the dynamics of consumer demand across the globe. The first report released by the two entities last year was entitled ‘Lifting the Veil of Mystery’ and focused on the global diamond industry.

Ari Epstein, CEO AWDC: “With ‘Lifting the Veil of Mystery’, we were able to provide unprecedented insight in the complex dynamics of our industry. The report shed light on the fundamentals of our business and explored potential future scenarios through a demand and supply forecast. The resulting document is widely acknowledged as an invaluable tool in understanding how the global diamond industry works. That is why we decided to continue our collaboration with Bain & Company. This second report, with an in depth analysis of the underlying processes of consumer demand, was the next logical step.”

In - ‘The Global Diamond Industry – Portrait of Growth’, Bain & Company investigated the demand fundamentals that will shape the diamond industry’s near- and medium-term future and offers evidence for a positive outlook. It touches upon aspects of a review of 2011, how the long-term supply-demand balance affects prices and how macroeconomic developments and changing consumer preferences are influencing the industry. For the first time it maps the similarities and differences in consumer preferences. It also explores the three largest diamond markets, - the US, China and India -, representing 60% of the global diamond demand. The report includes the latest developments of key diamond miners and the largest diamond mines worldwide, and concludes with an update on the outlook for the diamond industry through 2020.

StéphaneFischler, President AWDC: “Given Antwerp’s leadership role on all levels of the diamond industry, it is fitting that AWDC sponsored this report.”