With diamond prices stabilising globally, De Beers’ jewellery brand Forevermark expects 30 per cent sales growth in India in 2016.
“In India the demand has been explosive over the years. We saw about 35 per cent growth in 2015 this year but we are cautious with our estimates as the first half was hampered with a jewellers’ strike that affected sales,” Forevermark CEO Stephen Lussier said.