Diamond demand is growing twice faster than supply, which grows only 3% on average per year. This data was given by Joseph-Alexandre Riachi, CEO of Diampatrimoine, a company specializing in diamonds investments.
"The offer is limited, since the opening of new mines becomes more and more rare, while the existing mines are gradually being depleted. Moreover, in case of a crisis mining companies prefer to keep diamonds in stock in order to maintain prices, in which they are interested," the expert said in an interview with the Capital, an online resource, specializing in economic information.
If before the start of the 2008 global crisis, 40% of diamonds was consumed by the United States, now demand is growing primarily from China.
Alex Shishlo, Editor in Chief of the European Bureau, Rough&Polished
