Diamond prices to increase in 2014

 

  • Global demand for diamonds increases profits
  •  Tiffany’s net earnings for this quarter came up from $63.18 million to $94.61 million dollars.
  •  Bank of Montreal predicts diamond prices rising from 5 to 7 per cent in the next year.
  •  Bloomberg released a report that, ”predicted global rough diamond demand will rise at a compound annual rate of 5.1 per cent to $26 billion by 2023, while global diamond supply will increase at an annual rate of 3 per cent.”

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