World Prices For Diamonds Growth

World prices for diamonds will grow in the coming years against the background of the deficit, calculates the Russian state monopoly Alrosa.Diamond mining in the world will return to pre-crisis level in 2015 at the earliest, when it reaches 165 million carats produced in 2008, said Alrosa.  

In subsequent years the world will produce 165-167 million carats a year against the depletion of current fields and the lack of new ones. The global financial crisis 2008-2009 helped Russia to become the world's leader in diamond  mining. 

In 2010 the demand for diamonds in the world will be $ 13.1 billion, and the proposal - $ 12.3 billion. Over the next eight years, the gap between consumption and production will increase: by 2018 demand will reach $ 18.9 billion, and production - $ 14.4 billion, which would be equivalent to 33 per cent shortage in the market.  

Alrosa believes that demand for diamonds in 2018 will grow by one third compared to 2008 due to the largest markets for diamond jewelry - the U.S., Europe, the Asia-Pacific, Japan and the Middle East.
By this year the deficit in the market will lead to 31 - per cent rise in prices for diamonds in real terms, or an increase of 55 per cent to inflation of the dollar, the company said.
In subsequent years, believes the company, the world will produce 165-167 million carats a year against the depletion of current fields and the lack of new ones.