China's Gold Consumption Soars While Diamond Market...
China News
August 8, 2023
China's appetite for gold continues to surge, with consumption reaching nearly 555 tons in the first half of 2023, marking a remarkable 16% increase compared to the previous year. This domestic "gold craze" has captured attention. However, a contrasting trend is observed in the diamond market, which saw a decline in China's market size to $11.4 billion in 2022, a significant drop of $2.5 billion from the previous year's figure.