31 Dec '11, 10am

Diamond prices to outpace gold as demand rises - Columbia Daily Tribune - San Francisco Luxury News

Diamond prices are poised to rise for the next four years, outpacing gold as increased spending on luxury goods in China, India and the Middle East outpaces supplies of the precious stone, analysts said. The average price of rough, or uncut, diamonds will probably rise 9 percent to $145 a carat next year, 1.4 percent in 2013 and 4.8 percent in 2014, BMO Capital Markets analyst Edward Sterck said. The gem should gain 2.6 percent in 2015 and 3.2 percent in 2016, he said. Gold is forecast to decline for three years starting in 2013, after a 19 percent gain in 2012, according to the median of seven analyst forecasts compiled by Bloomberg News. Demand for diamonds could grow at double the pace of supply through 2020 because of an expanding middle class in China and India, Bain & Co. said this month in a report that didn’t give price forecasts. The two nations and the Middle Eas...

Full article: http://sfluxe.com/2011/12/31/diamond-prices-to-outpace-go...

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