Diamond Prices to Rise Over Four Years

IBTimes reported emerging markets with increased luxury spending are predicted to boost diamond prices over the next four years.

As quoted in the market news:

Increasing emerging market demand for luxury goods, including diamonds, will boost the price of diamonds, perhaps even more than gold prices are expected to increase, analysts say.

Edward Sterck, BMO Capital Markets analyst, told Bloomberg News that rough or uncut diamonds will rise on the average by 9 per cent to $145 a carat next year, 1.4 per cent in 2013 and 4.8 per cent in 2014.

Click here to read the full IBTimes report.