Bain Predicts Diamond Shortage

Bloomberg reported Bain & Co. said  the diamond jewelry industry may face a shortage on increased demand from China and India.

As quoted in the market news:

Diamond demand in carats will rise more than 6 percent a year until 2020, outpacing the 2.8 percent annual growth in supply, Bain said today in a report for the Antwerp World Diamond Centre. Production will reach almost 175 million carats by then, exceeding the peak reached in 2007.

Click here to read the full Bloomberg report.