Diamond Supply Crunch On Its Way —Analysts
Posted in News on October 09, 2012 by Elite Diams
Global production of diamonds reached 124 million carats last year and, according Bain & Company consultants, 13 new mines should be adding 23 million carats by the end of 2012. But Money Week’s analyst Tom Bulford is warning those and other figures are not sufficient to avoid a looming supply crunch.
Chinese and Indian middle classes expected growth would have the largest impact on the equation, says Bulford: