INSIGHT 睿智角度 62 | JNA September/October 2023 The KGK Group, a prominent player in the gem and jewellery industry, foresees increased demand for diamonds, driven by potential growth avenues offered by technological advancements and the growing recognition of responsible sourcing among consumers. 宝石及珠宝集团KGK Group预计，由于技术突破带来增长机遇， 加上消费者对责任采购的认可度不断提升，钻石的需求将会更加强劲。 KGK sees brilliant future for polished diamonds KGK窥见成品钻石之光辉未来 | Olivia Quiniquini 程爱莉 | Considering the demanding business landscape this year, KGK Group remains optimistic about the future of the polished diamond trade. The gem and jewellery conglomerate foresees rising demand propelled by market dynamics underscoring a favorable outlook for the future. Sanjay Kothari, the group’s vice chairman, said, “As the market regains momentum, our strategic approach and readiness to capture emerging prospects will further reinforce our position in the polished diamond sector.” He pointed out that KGK had successfully managed obstacles like supply chain disruptions and shifts in consumer spending trends by emphasising its commitment to transparency, responsible sourcing practices and a steadfast dedication to product innovation. “Our agility in adapting to the evolving landscape, alongside our emphasis on ethical business practices, has enabled us to not only address these factors effectively but also capitalise on emerging opportunities,” he added. Glittering prospects China is a case in point. According to Kothari, the group’s diamond business demonstrated remarkable resilience and robust gains in China this year. The steady expansion of China's economy and its burgeoning middle-class population have significantly bolstered demand for diamonds, he said.
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