Deann, the more I am investigating the diamond industry the more interesting it gets. Based on what I have read I expect the value of rough diamonds to rise at a faster rate compared to the polished final product. In 2002 the rough diamond industry was $9 billion and retail sales were $56 billion. However, only $8 billion was actually mined whereas DeBeers supplied the other from reserves. As these reserves become further depleted, prices should rise substantially. The raw diamond commodity is only 16% of the final product. What has happended recently in several commodity markets is that their price increases have easily been absorbed into the market place. For example, if the value of mined diamonds increases by 50%, the retail price only has to rise by 8% to absorb this increase. I would expect that this is happening as we speak as noted in the recent indications of diamond prices.
News 
Market Data 
Discover 
AI
