Diamond Mining Market Higher Growth Rate and Forecast – 2031Posted by Aparna P on August 5th, 2022 Lucrative gains associated with diamond mining have helped in driving sales across the global market. Countries with viable sites for diamond mining have prospered in terms of revenue generation and improved trade relations. Furthermore, several countries have projected their expertise diamond mining as proof of their growth on the global development index.
Global Diamond Mining Market: Notable Developments
An array of new trends has contributed to the growth of the global diamond mining market. The below-mentioned developments have largely aided market growth in recent times.
Several companies operating in the lab-grown diamond business have made tall claims about the sustainability, eco-friendliness, and eco-conscious appeal of their products. This trend has helped these companies in attracting a large consumer base over the past decade. However, the US Federal Trade Commission (FTC) has issued several warnings to these companies for making ambiguous and unsupported claims. Warnings by FTC shall to these established players provide a window for growth to new vendors.
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NMDC is a state-owner diamond miner in India, and the company is set to make rapid strides in the business. The company is expected to win a contract worth billions of dollars for a potential diamond mining project at an abandoned site in India. Such opportunities can help market vendors in widening their profit margins.
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