According to a report prepared by Bain & Co. for the Antwerp World Diamond Centre, diamond jewellery prices are likely to rise in the wake of increased demand from the Indian and Chinese consumers, as stated by Bloomberg.

The report further adds that demand for diamonds in carat terms will rise over 6 percent each year, until 2020, while the supply of diamonds will increase only by 2.8 percent, annually. Bain & Co. is reported to base its forecast on the ‘doubling’ of the middle class in China and India and the projection that this section will play a major role in the global polished diamond market just as the U.S. The report also noted that financial speculation could also influence the projected price increase.