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Progress in India – De Beers Group According to our 2023 Diamond Insight Report, demand in India grew by 20 per cent in 2021, followed by a 15 per cent increase in 2022 The country now accounts for 11 per cent of global demand and is the second largest natural diamond jewellery market in the world
De Beers bets big on India: Calls for U. S. to scrap diamond duties as . . . As India cements its position as the second-largest diamond market globally and a dominant player in the global supply chain, the current tariff regime is misaligned with the ground reality Al Cook, CEO of De Beers Group, is betting big on India’s diamond story
Natural diamond still India’s crown jewel: De Beers Group CEO India has become a key market for natural diamonds, surpassing China De Beers focuses on India due to the growing preference for natural diamonds over lab-grown ones The Indian market is expected to double by 2030 De Beers plans increased marketing investments and partnerships in India
De Beers Group Commits Further On Indias Growing Natural Diamond . . . In a bold move to capture India’s expanding luxury consumer base, De Beers plans to open 15 new Forevermark stores in 2025 —eight in Delhi and seven in Mumbai This forms part of their broader goal to establish 100 stores across India by 2030, aiming to generate $100 million in revenue
De Beers to Expand Forevermark in India, Eyes 100 Stores by 2030 De Beers is strengthening its presence in India with an ambitious retail expansion plan for its Forevermark brand The company aims to open 15 new stores this year, setting its sights on a milestone of 100 stores by 2030
De Beers Shines in India with Forevermark Retail Expansion De Beers, a renowned leader in the diamond market, has announced a significant retail expansion in India This year, the company plans to open 15 Forevermark stores, with eight located in Delhi and the remainder in Mumbai
De Beers Looks to India for the Next Chapter of Growth Positioning India as the company’s great growth hope, De Beers Group CEO Al Cook has outlined a decisive shift in the company’s global priorities Addressing a media gathering in Mumbai on May 22, Cook said that De Beers sees demand for natural diamonds doubling in India over the next five years