Rough prices could stay flat this year: report

Global economic uncertainties are making their presence felt in the diamond industry.

According to BMO Capital Markets analyst Edward Sterck, prices of rough goods could stay flat in 2012, the Financial Post reported.

Sterck, however, remained positive on the diamond industry’s long-term prospects, noting that the global lack of new diamond deposits and rising demand from China and India would lift prices going forward.

The analyst predicted that rough prices would start climbing up again in 2013 at an average of 6 percent per annum

Tag: Diamond | Diamond Mining | China | India

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