For those of you who are diamond owners... an interesting read:
Investing in Excellence... On average, diamond prices have increased by more than 14 % per annum for over 50 years. Nothing else can match this track record of stable and increasing value ...
Historical diamond trade price trend evolution graph:
Yearly increase of diamond prices +14.47% from 1960 to 2014 Graph statistics: compare and analyze the performance development of over 50 years changes: 1960 to 2014.
Rough diamond prices to increase 5% every year.
De Beers, the world's biggest diamond mining company, plans to raise diamond prices by 5 per cent every year in a phased manner. This means diamantaires could no longer hope for diamond prices to come down, even when the demand for polished diamond is high or average across the world The decision has come when the Indian diamond industry is buoyed by the increase in the demand for polished diamonds from the US, Hong Kong, China, UAE and other diamond consuming nations. As per the official statistics by the Gems and Jewellery Export Promotion Council (GJEPC), India's polished diamond export increased by 25.47 per cent at Rs 1,18,870 crore in 2013-14 compared to previous year. The growth in polished diamond exports was witnessed after September 2013 and the trend is still continuing. Sources said De Beers rough diamond prices gained about 10 per cent in 2013 after more than doubling in the past five years as the US economy recovered from the global financial crisis and China's burgeoning middle class bought more gems. The Anglo American, which owns 85 per cent of De Beers, wants its units to deliver a 15 per cent return on capital by 2016. Last year, diamonds made up about 19 per cent of Anglo American's $33 billion sales.
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