Diamond to Rise for Next Four Years

SMH reported diamonds are predicted to rise above the price of gold as luxury spending increases in emerging economies.

As quoted in the market news:

The average price of rough, or uncut, diamonds would probably rise by 9 per cent to $US145 a carat next year, 1.4 per cent in 2013 and 4.8 per cent in 2014, said BMO Capital Markets analyst Edward Sterck.

Click here to read the full SMH report.