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Current global trends in the diamond market and their impact on the development of diamond complexes of Russia and India

RUDN Journal of Economics. 2019;27(3):466-478 DOI 10.22363/2313-2329-2019-27-3-466-478

 

Journal Homepage

Journal Title: RUDN Journal of Economics

ISSN: 2313-2329 (Print); 2408-8986 (Online)

Publisher: Peoples’ Friendship University of Russia (RUDN University)

LCC Subject Category: Social Sciences: Industries. Land use. Labor: Economic growth, development, planning | Social Sciences: Economic theory. Demography: Economics as a science

Country of publisher: Russian Federation

Language of fulltext: English, Russian

Full-text formats available: PDF

 

AUTHORS


Olesia A. Maltseva (Moscow State Institute of International Relations (MGIMO University))

Natalia G. Khromova (Moscow State Institute of International Relations (MGIMO University))

EDITORIAL INFORMATION

Double blind peer review

Editorial Board

Instructions for authors

Time From Submission to Publication: 12 weeks

 

Abstract | Full Text

The article deals with the current trends of the development of the global diamond complex. The authors draw attention to the growing position of lab-grown diamonds on the diamond market, their impact on the natural diamond market and the growing influence of digital technologies in all segments of the diamond complex. The article also presents some information on changes in the new generation of buyers’ preferences at the present time. The authors also pay attention to the problem of the availability of sources of financing for the industry. The aim of the article is to identify how current trends will affect the development of the diamond complexes of Russia and India. The article is rather relevant as the authors has studied the latest published materials on this subject and analyzed the opinions of practitioners. The results of the investigation are presented in the form of a detailed study of current trends and potential threats to the diamond complexes of Russia and India. In conclusion the authors present the idea that there is the need for a new development strategy for the diamond complexes of Russia and India.