An analysis conducted by Alrosa experts, based on the data of retailers and the states’ national statistics, shows that global sales of jewelry with polished diamonds grew by 7% year-on-year in Q1 2018. According to Alrosa, “positive market dynamics was mostly driven by consumer interest growth and changed currency exchange rates”.
Sales of diamond jewelry in North America (the US and Canada) increased 5% year-on-year; the North American market accounted for 53% of total global sales. Sales in the Asia-Pacific Region have grown by 11%; in particular, sales in the Indian market remained stable in the first quarter. In Europe, sales in the dollar equivalent increased by 14%, “mostly due to the positive effect from strengthening the Euro positions”. In Japan, sales of jewelry with polished diamonds increased by 7%.
On the whole, Alrosa claims, the worldwide luxury market has grown by 13% in the first quarter. The biggest growth in the luxury segment has been noted in Asia-Pacific Region countries (by 20%) and in Europe (by 18%).
