
How the US Diamond Industry Impacts the Economy
The U.S. diamond industry, while not a major source of rough diamond mining, significantly impacts the national economy through various downstream activities, primarily in manufacturing, wholesale, and especially retail. This sector is a crucial component of the luxury goods market, influencing consumer spending patterns, supporting a substantial workforce, and contributing to trade balances. Its economic footprint extends far beyond the sparkle of a finished gem, encompassing a complex supply chain that touches various segments of American commerce. Read Also: Why Northern Jewelry Stands Out in Craftsmanship The industry’s dynamism is currently shaped by evolving consumer preferences, the rise of lab-grown