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Diamond cheaper after 40pct rally in 6 months as BHB Billiton and Petra Diamonds cut rough prices

Posted on 05 September 2011

Diamond lovers can loosen their purse strings this festive season. Rising cost of funds and a consequent fall in raw material demand among processors have cut polished diamond prices by 10% at least over the past three-four weeks, six months after they rose by a whopping 40%.
The industry attributed the relentless price rise partly to heightened speculation in roughs, the raw material, and a widening demand-supply gap, itself a consequence of an investor shift from stocks and currencies to diamonds, being increasingly perceived as an alternative asset class……………………………………….Full Article: Source


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