De Beers Optimistic About Diamond Market, Holiday Season

Bloomberg reported De Beers said it is positive about demand for the gems ahead of the key holiday sales period.

As quoted in the market news:

Rough diamond prices have fallen for four straight months and have slumped 15 percent this year as Asian purchases slowed and the euro region debt crisis eroded demand, according to data compiled by WWW International Diamond Consultants Ltd. Prices have risen by more than 20 percent in each of the past three years as producers struggled to keep pace with consumption.

Click here to read the full Bloomberg report.