Price Bubble In The Offing?

Nov. 18, 2009 10:53AM PST

Though there are clear signs of a financial recovery around the world, at what price would there be a recovery for roughs? Is the `new-normal’ daunting for the diamond industry? With the news that global diamond-mine production is forecast to fall to $8 billion this year from $13.1 billion last year, according to …

Though there are clear signs of a financial recovery around the world, at what price would there be a recovery for roughs? Is the `new-normal’ daunting for the diamond industry?

With the news that global diamond-mine production is forecast to fall to $8 billion this year from $13.1 billion last year, according to Toronto-based RBC Capital Markets, the shine appears to be fading.

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