Diamond Prices Up in 2012

Reuters reported prices of rough diamonds are expected to rise this year after a turbulent 2011, driven by recovering consumer demand in the United States and a robust appetite for the gems in Asia.

As quoted in the market news:

Diamonds had a rollercoaster 2011, with a bumper first half followed by a steep drop in prices as markets unraveled over the summer months, despite the dearth of new mines, low inventories and Asia’s growing demand.

Click here to read the full Reuters report.