Editor’s Note
Following recent increases in gold and silver prices, diamond prices are also poised to rise significantly. This article explains why rough diamond costs could surge by up to 25% and what this means for consumers and the jewelry industry.
Price Surge Expected
Consumers will have to spend more on jewelry now. After gold and silver, diamonds are also expected to become significantly more expensive. The prices of rough diamonds are set to rise by up to 25 percent, and this has the diamond industry concerned.
Potential Relief from Zimbabwe
Some relief could come from rough diamonds mined in Zimbabwe. However, these have not yet been sold on the international market. A decision on this matter is expected to be made this week during a meeting of the World Diamond Council.