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Diamond Prices May Fall Up to 13% to Rebalance
Mar. 08, 2012 03:58PM PST
Gem Investing
Diamond prices could fall about 10% to 13% in 2012 as the supply and demand fundamentals are roughly in balance and diamond recycling starts to finally impact the market, said a diamond-industry consultant.
Kitco reported diamond prices could fall about 10% to 13% in 2012 as the supply and demand fundamentals are roughly in balance.
As quoted in the market news:
Chaim Even-Zohar, managing director for Tacy Ltd, an Israeli-based diamond consultancy, said based on research his firm does with Indian firm Pharos Beam Consulting in Mumbai, about $15.2 billion in rough diamond production was done in 2011, which was about $22 billion in polished value. Retail sales globally were about $70.8 billion.