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Diamond to Rise for Next Four Years
Dec. 29, 2011 05:04PM PST
Gem InvestingSMH reported diamonds are predicted to rise above the price of gold as luxury spending increases in emerging economies.
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.
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