Diamonds market enjoys a large development space and consumer demand rises in China. In 2018, the total import of finished diamond was $2.71 billion, up 7.6% from the previous year. Besides, total diamond transactions in 2018 posted $5.78 billion, up 8.2% on an annuali basis.
Demand for diamond jewelry in China remains strong, especially the robust demand for wedding diamond rings. The diamond market will grow at a rate of 5% to 10% in the following five years. Compared to diamond jewelry with a 48% share in the international market, diamond takes a less than 20% market share in China, indicating huge room for development.
China jewelry market size soared from RMB470 billion in 2013 to RMB721 billion in 2018, with the CAGR of 15%, ranking third in the world and next to USA and Japan, making China be the one with the most vigorously growing jewelry and jade industry worldwide. It is estimated that China jewelry market will be worth at least RMB900 billion in 2025.
Diamondrings(.)com domain sold for $228,420 in 2009. The keyword 'diamond rings' has monthly 135000 searches at Google. Its CPC value is $4.07 and competition is about 100.00%.
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