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Buyers’ appetite for radiant, top-quality diamonds remains insatiable amid a more challenging macroeconomic environment as intricately designed diamond jewellery pieces still command attention and high prices in the market.
Stud earrings, tennis bracelets and classic diamond rings continue to be perennial favourites while diamond-studded jewellery pieces in modern designs are rising in popularity, especially among millennials and Gen-Z consumers.
According to Sotheby’s Hong Kong, diamonds are a unique category in asset portfolios as these have shown great resilience during times of uncertainty. As such, Covid-related challenges did not affect demand for luxury items in general, including premium-quality white diamonds.
More stable diamond market drives De Beers' first sale of 2024
Festive demand boosts sales of HK jewellers
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