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Diamond Prices to Increase 6% a Year to 2020 on Supply, BMO Says

Diamond prices will rise an average 6 percent a year through 2020 as tight supply is unable to meet growing demand in China and India, BMO Capital Markets said.

While output is rising, it’s unlikely to surpass the peak of about 160 million carats a year attained before the world financial crisis, BMO analyst Edward Sterck said in a report.