Economy Hits Polished Diamond Prices in First Quarter of 2012

Reuters reported polished diamond prices may struggle to hold onto gains in the first quarter of 2012 due to worries over the global economic outlook.

As quoted in the market news:

Dealers attending the Jan. 29-31 Antwerp Diamond Trade Fair said European demand for polished diamonds was slow as consumers were uneasy because of the euro zone debt crisis.

For the U.S. market, however, they talked of signs of improving demand after a good Christmas jewellery retail season.

Click here to read the full Reuters report.