Bloomberg reported that the price of diamonds will rise 6 percent per year until 2020 as output fails to meet increased demand from China and India, according to BMO Capital Markets.
Articles Tagged "india"
In China and India, increasingly wealthy consumers who are adopting the western tradition of giving diamond jewelry to celebrate engagements and weddings are beginning to drive demand in the diamond market.
Reuters reported Christie's said it sold a huge, internally flawless diamond from India's Golconda mines for $21.48 million in Geneva, Switzerland.
CNBC reported gold sales in India have dropped 30 percent year on year as Indians begin purchasing more and more diamonds.
A brief overview of diamond price developments, supply and demand, and significant market movers.
Mineweb reported diamonds being exported and imported into the country repeatedly has slowed due to increased import duties.
SMH reported Australia diamond exports are expected to rise as more gems make their way to India.
Mineweb reported a Chinese court has deported 12 Indian diamond traders on charges of smuggling diamonds worth $7.3 million.
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.
Minweb reported Indian diamond exporters are moving into new and growing market sin the US and Europe.