A recent Alrosa’s report released that the first half of 2014 rough diamond prices rose by an average of 6 to 7 percent in the global market.
According to Vladlen Nogovitsyn, head of Alrosa’s client policy, market players observed steady demand for rough diamonds in the United States. “The second intensely growing market is India. China has somewhat slowed its growth but that was expected. Consumption in China all the same remains large enough. The European market is not very active at the moment,” said Nogovitsyn to Interfax.
Nogovitsyn commented that majority of the market players have observed the shift from a negative trend to stabilization or growth in prices in late 2013. This has created favourable conditions for further development of the market during the second quarter of 2014. The company forecasted a 5 percent increase by the end of 2014.
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