Diamond prices up 17% in the first quarterPosted: June 13, 2011
In “Diamond Prices Set To Sparkle“, CNBC reports that diamond prices increased 17% in the first quarter of this year. While the U.S. remains the biggest market for diamonds at 40% of sales, Indian and Chinese demand is rapidly rising. DeBeers thinks it may have to double output in 15 years at China’s current rate of growth. This will mark quite a turnaround for the diamond company as it turned in a loss in 2009 and required a $1B “injection” of capital to stay afloat.