Diamond price could jump 30-40% in 2-3 years?
Alfa-Bank analyst estimates potential for diamond price! The potential for diamond price increase is 30-40% in the next two-three years, according to Alfa Bank's forecast. India's average diamond imports over 10 years amounted to $15 billion, and in 2024 they totaled $12 billion, while this year diamond prices fell to $125 per carat, according to Tolstykh's presentation! "Alfa Bank experts say that the potential for diamond price growth can be 30-40% over a two-to three-year horizon," Yulia Tolstykh, an analyst in Alfa Bank's metallurgy and mining sector, said at an Alrosa press breakfast. India's average diamond imports over 10 years amounted to $15 billion, and in 2024 they totaled $12 billion, while this year diamond prices fell to $125 per carat, according to Tolstykh's presentation. It is also noted that diamond reserves formed on speculative demand in 2020-2022, as well as the abnormal growth of lending rates for the cutting sector of ...