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Shifting Buying Patterns

Ehud Laniado quoted in The New York Times, September 2014: The New York Times called on Ehud Laniado’s encyclopaedic knowledge of the global diamond industry when it produced a supplement dedicated to diamonds in September. 

In an article about geographical shifts in demand for diamonds, Ehud Laniado drew on his personal experience commenting that he has noticed more Russians and Chinese collectors bidding in auction sale rooms of late.

Today the world’s biggest diamonds markets are China and the US. Together they account for 55 per cent of the world’s diamond jewellery sales respectively. According to De Beers, the Chinese are expected to spend a cool $154 billion on jewellery and luxury items in 2014 during an estimated 93 million shopping trips.

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