(marketwatch.com) - They may not be an investor’s absolute best friend right now, but diamonds should at least be in that ballpark. That’s according to research from Bank of America, which has lifted its 2022 forecast for prices of the gem by 15%. The rationale is similar to that of many other commodities these days — tight supply and strong demand equals higher prices. Behind that is another set of familiar causes — Russia, China and inflation.
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