Gem Sees Diamond Prices Advancing After Reaching Three-Year High

Diamond prices will keep rising from a three-year high in the first half because of Chinese and U.S. demand, according to the head of Gem Diamonds Ltd.

“We do think that prices will continue to rise,” Chief Executive Officer Clifford Elphick said today in an interview. “We’re seeing very strong demand. China is particularly strong, the U.S is strong.”