An unsteady horizon for the diamond industry
25.2.08
Isaac Mostovicz writes...
Photo by Armel*
With uncertainty facing the economy around the world, it’s difficult to forecast where diamond prices will go in the near (and far) future. On Friday Rapaport issued a warning that speculative prices for large diamonds may not be sustainable because of a lack of interdealer demand. On the very same day, Mining Weekly reported that “there is no reason for the markets to soften” and prices would continue to increase, especially in the rare and larger diamond section of the market. Who will prove correct? All we can say for certain is that the outlook for diamond prices is uncertain.
