Despite the fact that the United States, the world's largest consumer of precious stones and jewelry, is now showing signs of economic recovery, tension remains among the exporters of India. This is due to the fact that this year mainly sell products in the low price range, unlike in previous years, when expensive jewelry was in demand, according to Business Standard.
Buyers' preferences in the US, apparently, change dramatically: lately they have been striving to acquire products in the low and medium price segment, buying up lower-grade gold and small diamonds and colored gems.
"This year, we receive most of the orders from the USA for low-price and medium-price items, unlike last years, when we ordered expensive ornaments, and although the actual growth in orders will only be known in a few weeks, we hope that this the season will be better than the previous one, "said Vipul Shah, chairman of the Gems and Jewelery Export Promotion Council (GJEPC), the Indian Council of Export Promotion Council. 
Nevertheless, given that the holiday period will last until the second week of February, Indian diamond producers hope that the trend will change. For the holiday period, about 40% of world jewelry sales are accounted for. Since the US share in world annual demand is 38%, this country is the most important market for diamond jewelry exporters all over the world.