loader image
Connect with us

International News

Future of natural diamonds challenging; holds promise of transformation: BCG report

A new report by the Boston Consulting Group (BCG), commissioned by De Beers Group, unveils the critical factors that will shape the future of the natural diamond market

Published

on

388 Views

A new report by the Boston Consulting Group (BCG), commissioned by De Beers Group, unveils the critical factors that will shape the future of the natural diamond market.In an era marked by rapid changes and emerging challenges, the natural diamond industry stands at a pivotal juncture. A recent report by the Boston Consulting Group (BCG), commissioned by De Beers Group, sheds light on the critical factors shaping the future of the natural diamond sector. With primary diamond supply projected to decline and demand dynamics evolving, the industry is poised for a significant transformation, it notes.

The cornerstone of the natural diamond industry’s future is the anticipated decline in primary supply. The report highlights that the primary production of natural diamonds is expected to decrease by approximately 1% CAGR over the next decade. This decline is driven by the diminishing yields from ageing mines, a scarcity of new discoveries, and constrained exploration budgets over the past ten years. While there is potential for some increase through brownfield expansions, the overall outlook suggests a tightening of supply.

Continue Reading
Advertisement JewelBuzz Banner
Click to comment
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

DiamondBuzz

De Beers Unveils A Diamond Is Forever: The Making of a Cultural Icon 1926–2026

How Four Words Changed the World of Luxury Advertising

Published

on

1,783 Views

De Beers Group, a global leader in the natural diamond industry with a legacy spanning over a century, is launching A Diamond Is Forever: The Making of a Cultural Icon 1926–2026, a visual retrospective celebrating its pioneering role in shaping the world of natural diamonds. The book traces how, beginning in the 1930s, the brand reimagined natural diamonds from discreet treasures of the elite into aspirational symbols of love, commitment, and personal achievement, cementing their place as enduring masterpieces of nature and craftsmanship.

Drawing on rare archival material, the book explores how De Beers revealed the wonder of diamonds to a wider audience, shaping modern luxury marketing from the Great Depression to today’s era of conscious luxury. At the heart of the book is one of advertising’s most celebrated moments. In 1947, copywriter Frances Gerety of N. W. Ayer captured the gemstone’s essence with four words that would forever reshape the industry: “A Diamond Is Forever.” The declaration enshrined the diamond as a promise of love and endurance, an emotional sentiment resonating far beyond the notion of a simple gift. In 1999, it was named the greatest advertising slogan of the twentieth century by Advertising Age.

Beyond aesthetics, A Diamond Is Forever explores how these campaigns shaped social rituals and behaviour over time. The rise of engagement rings in the late 1930s and strategies like the “Two Months’ Salary” guideline highlight how marketing can redefine tradition. Campaigns such as the “Right Hand Ring” also reflected evolving ideas of female independence. In India, the influence of such campaigns and marketing narratives has been equally significant, shaping consumer perceptions and aspirations around diamonds. By positioning natural diamonds as powerful symbols of love, success and personal milestones, these strategies resonated strongly with Indian audiences, encouraging a shift from traditional gold-centric purchases to viewing diamonds as meaningful, emotionally driven choices for their loved ones.

The book also highlights how De Beers fused the billion-year rarity of natural diamonds with fine art and pop culture. Works by Pablo Picasso, Salvador Dalí, and Raoul Dufy enhanced their allure, while icons like Marilyn Monroe and Elizabeth Taylor defined their glamour. Later, the 1990s “Shadows” campaign, set to Karl Jenkins’ Palladio, reinforced the diamond as timeless and unique.

In recent years, the conversation around diamonds has evolved to include provenance, sustainability and ethical stewardship, reinforcing the natural diamond’s position not only as a symbol of enduring love but also of responsibility and conscience. Much like a gallery tracing the evolution of artistic expression, A Diamond Is Forever offers rare insight into one of the most influential brand stories in history, revealing how diamonds have come to reflect the shifting ideals and aspirations of society.

Continue Reading

Trending

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.

We would like to hear from you...

GET WHATSAPP NEWS ALERTS

0
Would love your thoughts, please comment.x
()
x