Diamond Prices Up in 2012
Reuters reported prices of rough diamonds are expected to rise this year after a turbulent 2011, driven by recovering consumer demand in the United States and a robust appetite for the gems in Asia.
Reuters reported prices of rough diamonds are expected to rise this year after a turbulent 2011, driven by recovering consumer demand in the United States and a robust appetite for the gems in Asia.
Mineweb reported rough diamond demand is expected to rise drastically in the next year.
Bloomberg reported a video interview with Ari Epstein who says China will soon outrank the U.S. in diamond demand.
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Bloomberg reported Angola said it will focus on new diamond mines on higher demand.
Reuters reported Bain & Company said diamond demand will grow by an estimated 6% over the next ten years fueled by markets in China and India.
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Reuters Africa reported De Beers expects global demand growth for rough diamonds to set a new record this year.
Business Insider reports that Indians are likely to purchase more gold and diamonds as the Rakhi festival comes up.
Bloomberg reports demand for diamond jewelry in India may slow as a surge in prices discourages buyers.
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