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The diamond industry is also likely to grow in the near term because of increased diamond jewelry demand and its increasing industrial uses, which include cutting, drilling, and grinding. According to a Reports and Data report, the global diamond market is expected to reach $113.63 billion by 2027.
Given this backdrop, we think it could be wise to scoop up shares of quality diamond retail stocks Signet Jewelers Limited (SIG) and Brilliant Earth Group, Inc. (BRLT).
