Rough prices above pre-recession levels

Tuesday, July 06, 2010

Driven by resurgent demand in traditional and new markets, as well as long-term forecasts indicating lower supplies of the gemstone, rough diamond prices are trading 20 percent higher than pre-recession levels.

A price index maintained by leading global diamond evaluators, WWW International Diamond Consultants, indicates that rough diamond prices have risen by approximately 20 percent across various grades.

The UK-based company's index indicates that rough diamond prices are higher than at any level since 2002, supported by strong supply/demand fundamentals, a recovering global economy and increasing consumer confidence.

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Rough prices above pre-recession levels

Driven by resurgent demand in traditional and new markets, as well as long-term forecasts indicating lower supplies of the gemstone, rough diamond prices are trading 20 percent higher than pre-recession levels.

The projects magazine in collaboration with Stanbic bank launched the future of mining summit 2024

MISA Botswana celebrates World Press Freedom day

Unlawful wounding turns to murder

Mahalapye suspected copper cable thief nabbed

TAFIC targets top four finish

Selefu

Selefu

Repatriation underway for seven SA Pilgrims

Stakeholders must step up veggie supply