Follow on Google News News By Tag * Commodities * Trading * Stock Markets * Gold * Silver * Copper * Crude Oil * Investment * Wealth Management * Deals * More Tags... Industry News News By Location Country(s) Industry News
Follow on Google News | Premier eFinance: RBC says expecting significant price rise ahead for diamonds.RBC analysts say surging Asian demand will drive diamond prices up over the next few years.
By: Premier eFinance In the banks report on its fourth annual diamond conference held in London, RBC said the outlook for rough diamond prices was “extremely positive”, with demand from Asia outstripping supply and a stabilized United States market. “What this means, we believe, is that diamond prices are likely to increase at rates greater than the recent past as no material new production is coming on stream,” analysts Des Kilalea and Patrick Morton informed Premier eFinance. “Based on trend analysis from De Beers, if current trends continue, China and India together are forecasted to account for 50% of incremental demand or growth in the world diamond markets over the next five years,” the two RBC analysts added. In a recent note, Kilalea and Morton said the culture of buying diamonds in China and India was catching on quickly, and China had already surpassed Japan as the world’s biggest market after the U.S. “It is difficult not to conclude that rough diamond prices will increase strongly as China and India grow and the US recovers fully,” they informed Premier eFinance. # # # Premier eFinance is a full service commodity trading advisory offering services to traders ranging from the beginner, with no experience in the markets at all, to the advanced trader who is just looking for an avenue to place fast efficient orders. End
|
|