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What do India’s richest people spend their money on? Latest wealth report reveals trends about Rolex, Gucci and more
MINT· 2025-09-18 10:30
Group 1: Wealth Growth in India - The number of wealthy households in India has nearly doubled since 2021, reaching 871,700, representing 0.31% of all households [1] - Confidence in India's economic growth is high, with 83% of wealthy households optimistic about the next three years [1] - The increase in wealth is attributed to GDP growth, stock market gains, the emergence of new billionaires, and rising gold prices [1] Group 2: Regional Wealth Distribution - Maharashtra leads with 178,600 millionaire households, driven by Mumbai's 142,000 [2] - Delhi has 68,200 millionaire households, while Bengaluru has 31,600 [2] Group 3: Investment Preferences - Stocks, real estate, and gold are the primary investment choices for wealthy households [2] - Digital payments are dominated by UPI [2] Group 4: Spending Habits - Approximately 60% of wealthy households spend under ₹1 crore annually, primarily on tourism, education, and entertainment [3] - Paying taxes is viewed as the top social responsibility by 30% of respondents [3] Group 5: Luxury Spending - In jewelry, 75% of wealthy individuals prefer natural diamonds, with Tanishq leading in India [4] - Rolex is the dominant brand in luxury watches, while Gucci and Louis Vuitton are the top accessory brands [4] - Emirates is the preferred airline, and Taj Hotels are favored for luxury stays [4] Group 6: Vehicle Ownership - Over half of India's millionaires own more than one car, with many upgrading within three to six years [5] - Approximately 40% keep their cars for more than six years [5] Group 7: Lifestyle Preferences - Travel is the top hobby for the ultra-rich at 45%, followed by reading and cooking [5] - Yoga is the most preferred fitness activity at 27% [5] Group 8: Education and Travel - The USA is the most popular destination for education abroad, chosen by 19% of respondents, followed by the UK at 14% [5] - However, 42% prefer to keep their children in India for education [5] Group 9: Media Consumption - Social media has surpassed traditional media as the primary source of news for wealthy households [6] - Over 60% of respondents rate their happiness and well-being at 8 or above [6]
X @Bloomberg
Bloomberg· 2025-09-02 12:33
The natural diamond market is in crisis, with lab-grown equivalents hitting demand, spelling disaster for Botswana's economy https://t.co/rW0kGOHBOH ...
Burgundy Diamond Mines releases 2024 Socio-Economic Report
Globenewswire· 2025-05-08 16:13
Core Insights - Burgundy Diamond Mines Limited released its 2024 Socio-Economic Report, showcasing achievements in safety, operations, and social impact related to the Ekati Diamond Mine [1][2][3] Group 1: Socio-Economic Contributions - The company contributed $5.1 million across Canada's North through Impact Benefit Agreement payments, community donations, and sponsorships [8] - Employed 1,242 individuals, including 700 employees and 542 contractors, with 28% being northern residents, of which 60% were northern Indigenous [8] - Spent $431 million on business expenditures, with 68% allocated to Indigenous partners and other northern businesses; Indigenous spending accounted for 49% of total expenditures [8] Group 2: Operational Achievements - Burgundy Diamond Mines solidified its position as the largest G7 producer of natural diamonds, supplying 4% of global rough diamonds [8] - Achieved a milestone of 100 million carats mined over 26 years of ongoing production at the Ekati Diamond Mine [8] Group 3: Commitment to Responsible Mining - The report emphasizes the company's commitment to responsible mining and maintaining collaborative relationships with northern stakeholders and the government [3] - The company aims to manage its environmental footprint and govern its business in a transparent, ethical, and accountable manner [3][11]
调研问卷|天然钻石消费市场未来发展趋势
Sou Hu Cai Jing· 2025-04-21 10:11
越是复杂局面,越考验产业的韧性与耐力。在穿越重重迷雾后,最终留下的往往是那些已经穿越多个历史周期、历经风雨洗礼的卓越品牌和极具生命力的 行业。 历史悠久且充满魅力的天然钻石行业,始终在时代的浪潮中展现出独特的魅力与价值。从可追溯到数亿年前的钻石起源,到中世纪欧洲的皇室珍藏,再到 现代的时尚与情感象征,钻石不仅承载着深厚的文化与历史内涵,更与人类的情感紧密相连。它见证了无数个历史周期的变迁,也承载了无数人的梦想与 情感。 在当下,随着消费者需求的多样化和市场的快速变化,天然钻石行业正站在新的十字路口:一方面,供应端刚性收缩,另一方面,需求端分层正在逐步深 化,非婚场景爆发,悦己消费、家族传承、投资避险等将构成新增长极。在此背景下,WWD CHINA 发起"天然钻石消费市场与行业发展趋势"问卷调 研。 本次调研旨在通过消费行为量化和趋势预判质化的交叉分析,探索文化价值、精神内涵、可持续理念、技术创新等对天然钻石行业的驱动力,将围绕消费 行为、价值偏好、场景需求、情感观念、决策机制、可持续认知展开针对消费者的具体调研,并将与产业界人士就时尚设计、文化意义、历史内涵等因素 驱动下钻石消费新生态的构建展开现状分析和趋势 ...