Diamond Prices Slide, Outlook for Buyers Remains Unclear

CNN Money reported that the price of just-mined diamonds is going down, even though there is ambiguity regarding the prices consumers have to pay.

As quoted in the market news:

This week, two British companies that mine for diamonds said prices for rough stones had fallen and will keep sliding.

One of them, Petra Diamonds, noted that prices of rough diamonds dropped by around 9% in the last half of 2014. The company cut its full-year price forecast for its South African diamonds from $152 per carat to $130.

Ben Davis, mining analyst at Liberum in London, stated:

As [retailers] try and become more competitive you might see some reductions.

Click here for the full CNN Money report