波士顿咨询（BCG）2024天然钻石业的未来研究报告（英文版）（33页）.pdf

1、The Future of the Natural Diamond IndustryMay 2024in collaboration with De Beers GroupContents01 Executive Summary02 Introduction The Natural Diamond Value Chain05 Long-Term Fundamental Drivers Impacting the Diamond Industry Supply Drivers Primary Production Secondary Supply Value Chain and Stock Le

2、vels Demand Drivers Three Dynamics Influencing Diamond Demand Growth The Continuing Rise of Brands Lab-Grown Diamonds Desirability Among the Growing Middle Class in Asia The Impact of Recycling The Future of Demand25 Future Outlook for the Diamond Industry Long-Term Outlook Stress Testing the Outloo

3、k:Beyond the Most Likely Corridor Downsides to the Most Likely Industry Outlook Upsides to the Most Likely Industry Outlook28 Final ReflectionsTHE FUTURE OF THE NATURAL DIAMOND INDUSTRY 1Executive SummaryThe drivers of the natural diamond industry differ in the short and long term.The short-term out

4、look is driven by,among other factors,stock levels in the midstream value chain segments and retail propensity to restock before and after key selling periods.The long-term outlook(the focus of this report)is driven by supply and demand fundamentals.While demand conditions may remain uncertain in th

5、e short term,a more positive long-term industry outlook is supported by constrained primary supply,rising global affordability underpinning demand growth,and industry initiatives(for example,effective marketing and retailer collaborations)to reinforce the desirability of natural diamonds.This report

6、 looks at these fundamental drivers in turn,aiming to bring greater trans-parency to the complex set of factors affecting the natural diamond industry.Primary supply of natural diamonds is expected to decline by approximately 1%CAGR over the next ten years.Future production increases are unlikely to