Diamond engagement rings: Supply is not meeting demand.


Diamond engagement rings are highly sought after all around the world, from here in the UK, to Japan, China, America, and  Australia just to name a few. The biggest diamond producer by value in the world is Botswana, Africa, which currently is home to the Jwaneng diamond mine which is the richest diamond mine in the world. In Botswana diamond exports account for approximately 70 percent of its foreign currency earnings and nearly 50 percent of its national revenue.

The company Botswana Diamonds is hoping to team up with a new partner that is offering new technologies and approaches in finding diamonds to meet the new rise in demand. The main aim of the possible new partnership is to find diamondiferous kimberlite pipes with the potential to develop long life mines with high volumes of diamonds that hold high value, this is good news for all of you diamond lovers that are hoping to dazzle your partners with diamond engagement rings in the New Year.

Part of the growth in demand for diamonds is due to an increase of sales in China which is now the second largest consumer of diamonds, Chinese consumers spend around six times more than his or her Western counterpart on acquiring luxury goods such as solitaire diamond engagement rings which makes this a very exciting market for the diamond industry.

At Mad About Diamonds we have a huge collection of beautiful diamond engagement rings, so if you are hoping to pop the big question visit our website and you will be sure to find exactly what you are looking for with prices to suit a range of budgets. If you have any questions or queries please call us on 0151 625 8800.

Posted by SMG