The diamond market is raging back to life on the back of robust demand from China and India. In the west, diamond sales are rebounding since the economic collapse. Investing in the diamond market may seem challenging as many of the most power mining firms are privately owned. However, there are ways to enter into this lucrative market.
Helped by increased demand in 2010 for luxury goods after a abysmal year in 2009. The increased revenues from rising diamond prices and demand, many companies are increasing production. Alrosa mulls over an IPO by the end of 2011 worth upwards of $2 billion.
The crisis in the diamond industry has hit bottom, and the industry can now look forward to growth, according to DeBeers managing director Gareth Penny. Mr. Penny relayed this message to a room full of diamond merchants, manufacturers, and leaders at the Diamond Town Hall Meeting on June 3rd.
Wednesday, March 2, 2011