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Expect Higher Diamond Prices in 2015: Leibish & Co.
2014 is nearly at an end, and investors are of course wondering what’s in store for the market in 2015. To find out what diamond market participants can expect, Diamond Investing News sat down with Yaniv Marcus, investment strategist at Leibish & Co., a supplier of natural fancy colored diamonds of all colors and sizes.
In the video below, he identifies some of 2014′s key trends, noting that one thing he didn’t expect was “the recent new records.” He added, “the blue 9.75 in New York last month really blew out of the water. I don’t think that anybody would’ve thought a blue stone or any stone would break the $3-million-a-carat price, and it did.”
Looking forward to next year, Marcus noted that mining companies have emphasized that diamond prices will go up, “and we know that prices on the rough will continue to grow at at a rate of 3 to 5 percent a year.” He added, “we’re definitely going to see continuous strength in prices for fancy colored diamonds.”
Overall he expects 2015 to be an exciting year.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
