14:37 - 4.09.2025

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September 4, Fineko/abc.az. Global demand for diamonds will rise in line with the growing number of dollar millionaires.

According to ABC.AZ, this was stated by Pavel Marinychev, CEO of the Russian corporation “Alrosa,” during the EEF.

“Their main buyers are luxury consumers, which is one of the fastest-growing segments of the global economy, doubling every 10 years. The key driver is the growth of wealthy individuals, especially in developing countries.” The number of people worldwide with assets over $1 million is projected to exceed 60 million by 2028 — four times higher than in 2000. At the same time, according to him, prices for natural diamond products will rise in the medium and long term.