DiamondBuzz
China’s Diamond Jewellery Market Poised for U-Shaped Recovery: Liang Weizhang
Speaking at the Bharat Diamond Bourse Symposium , Chinese strategist Liang Weizhang outlined a cautious but improving outlook for China’s diamond and jewellery sector.
China’s jewellery market expanded from RMB 720 bn in 2021 to RMB 820 bn in 2023, before easing to RMB 780 bn in 2024. Gold’s share of retail sales surged to 73% in 2024, while diamonds shrank to 6%, hit by falling marriage rates, weak sentiment, oversupply, and lab-grown competition. The natural diamond market contracted from RMB 100 bn in 2021 to RMB 43 bn in 2024, with imports plunging over 70% by volume.
Signs of recovery emerged in 2025: jewellery sales rose 11% YoY in H1, and polished diamond imports jumped 43.5% between January–July, with June–July showing triple-digit growth. Prices for some categories have stabilised after steep declines.
Hong Kong’s jewellery trade remains vital, with retail sales down 6.3% in H1 2025 but rebounding 6.8% in June, pointing to revived high-end spending.
Lab-grown diamonds are gaining ground, but surveys show a strong consumer preference for natural stones—57% in mainland China and 86% in Hong Kong favour natural diamonds for their luxury and investment value.
While price declines of 20–30% marked 2024, stability has returned in recent months. Liang predicts a gradual U-shaped recovery driven by inventory clearance, wedding demand, and supply adjustments. Long-term growth will rest on tightening global supply and China’s expanding middle class, though tariff risks remain a challenge.
China and India must navigate competition with collaboration according to Liang.The stress was on resilience, adaptability, and global partnerships as keys to the industry’s future
DiamondBuzz
Big, Slightly Tinted Diamonds: Object Of Desire In The US Market
Buyers Of 2.5-Carat and Up Pieces Are Increasingly Choosing Stones With J Color Or Lower, Sometimes Much Lower On The Color Scale
Big, slightly tinted diamonds are suddenly the object of desire in the US — and the industry is asking why.
Buyers of 2.5-carat and up pieces are increasingly choosing stones with J color or lower, sometimes much lower on the color scale, say retailers and traders. That shift signals more than a fashion tweak: it reflects how affluent shoppers now want their diamonds to read as “natural” at a glance.
Lab-grown gems typically come in the brightest, clearest grades, so a warmly hued, imperfect-looking stone has become a visible badge of authenticity — a deliberate antique vibe in a polished world where synthetics dominate. No surprise: The Knot reports that 61% of U.S. couples now pick lab-grown rings.
A report explores who’s buying these larger, lower-color stones, how cultural moments and celebrities — think Taylor Swift — helped fuel the taste for them, and why antique cuts seem particularly suited to carrying color. The piece also ties this appetite to broader marketing narratives, including De Beers’ push for so-called “Desert diamonds.”
It’s not all doom and gloom for mined diamonds. Larger sizes — especially 2 carats and above and long fancy shapes — have held up better than smaller goods over the past year. The report isolates this rising niche and asks the key question: can these warm-toned showstoppers withstand the continued rise of lab-grown competition?
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JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.