Even in the most conservative growth scenario, forecasts are clearly very positive for the $ 60 billion sector that is diamond jewelry", considers the cabinet.
According to the study, the demand for diamonds, linked with that of jewellery and luxury goods market, will be supported by the India and China through doubling expected of the middle classes in these countries by 2020.
"The appetite for diamonds of high quality in China and India is increasing, notes the author of the report, Gerhard Prinsloo, but industrialists must not slacken their efforts in the United States, because they remain clearly today the outlet number one on the market." In market share, the India and China represent about 30% by the year 2020, on a par with the United States.
The offer, meanwhile, should grow by 2.8% per annum, which will lead to a State of "structural shortage", according to Bain, who believes that the distribution chains will therefore have to "reconsider their strategies for supply of diamonds".
These tensions will push prices upwards, particularly for large diamonds, a phenomenon that could be exacerbated by "the potential of the diamond as a financial investment".
Furthermore, the report recommends efforts of transparency in this market, including "the establishment of a market of polished diamonds Exchange',"the definition of criteria that classifieraient investment products diamond"and" the reduction of the range of price, since there are 12 000-16 000 different price now ".
Over the past 50 years, diamond production has diversified to the Russia, the Australia and Canada, which have been added to the African continent to reach 133 million carats in 2010, said the study.
By 2020, bath predicts that annual production will almost reach 175 million carats and exceed the production peak in 2007 before the crisis. Jewellery and industrial applications are the two major uses of the diamond, but the first account for 95% of the total value of natural diamonds.