Report: Diamond Prices Will Increase 6 Percent a Year For Rest of Decade

Diamond prices will rise 6 percent a year for the rest of the decade, according to a new report by BMO Capital Markets analyst Edward Sterck.

The report notes growing demand, particularly from India and China, as well as a muted outlook for supply. The report forecasts U.S. demand for diamonds will remain stable.

The report also said that rough diamond prices have increased 8 percent to 9 percent so far in 2013, mostly because of reduced supply from De Beers, which has experienced production problems. 

JCK News Director