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Diamond Investing News reports the next safe-haven precious metal could be diamonds. According to Harry Winston’s Chief Executive Officer Robert Gannicott, safe haven diamond investment combined with the lack of new mines in the industry is bound to buoy diamond prices. The diamond market has been influenced by the economic downturn, as sales of mid grade diamonds …
Diamond Investing News reports the next safe-haven precious metal could be diamonds.
According to Harry Winston’s Chief Executive Officer Robert Gannicott, safe haven diamond investment combined with the lack of new mines in the industry is bound to buoy diamond prices. The diamond market has been influenced by the economic downturn, as sales of mid grade diamonds in the U.S. have dropped. Analysts are optimistic about diamond demand, as wealth amasses in Russia, the Middle East, and Asia. Recent marketing has been geared to these regions to compensate for shrinking sales in the U.S. and parts of Europe.
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