By Erika W.
Diamond Prices on the Rise
Last month, our rough diamond news roundup showed rising and record prices for diamond rough. Prices are rising for commodities worldwide, and diamonds are no exception. With demand from India and China increasing exponentially, the trend is expected to continue.
From Idex: Polished Diamond Prices Nearing Pre-Crisis Levels
Idex reported a dramatic rise in polished prices in February 2011. Read the article at Idex.
Pricescope Updated Diamond Prices Chart
Updated at the beginning of March 2011, the Pricescope chart shows diamond prices at pre-crisis levels in addition to price increases in diamonds smaller than 4 carats. Diamond Price Chart.
From Rapaport: Positive Polished, Raging Rough
February 2011 Research Report – The RapNet Asking Price Index (RAPI) shows increases in polished diamond prices. Average diamond prices rose by 4.7% in January and February of 2011. Read the article at Diamonds.Net.
From Bloomberg: Rough Diamond Prices May Gain 25% This Year on ‘Voracious’ China, Gem Says
While the U.S. is the largest diamond jewelry market worldwide, “De Beers said last month demand from China and India gained by 25 percent and 31 percent respectively in 2010, and forecast that by 2015 China, Hong Kong, Taiwan, India and the Gulf would account for almost 40 percent of global demand.” Read the article at Bloomberg.
From Idex: Gem Diamonds Revenues Rise 9.5% in 2010
Recovery of “more than 500 rough diamonds greater than 10.8 carats in 2010 at its Letseng mine in Lesotho” in addition to rising diamond prices equates to higher profits for Gem Diamonds. The mining company reported an 9.5% increase in revenue from 2010. Read the article at Idex.
Discuss rising diamond prices on the Diamond Forum