17 Jul 2019
DiamondWorld Directory
Home |
News
Home
Most Top Diamond Mines Will Close within One Generation
Fancy Color Prices Will Rise as Supply Wanes
By: Diamond World News Service
|
Feb 19 2019 4:39PM
|
Reference: 17016  

DecreaseIncrease

According to new research published by the Fancy Color Research Foundation (FCRF), one of the most overlooked facts concerning the diamond industry is that the world’s diamond mines are rapidly depleting. Within a quarter of a century the majority of the 45 most notable diamond mines operating today will cease to exist, and the last diamond will be unearthed in 60 years.
 
According to the FCRF, diamond prices will rise as supply wanes. Fancy Color diamonds, considered to be the rarest of the rare, will increase in value at an even greater pace.
 
The report states that no new ‘mega-mine’ is expected to be found in the foreseeable future. On the other hand, the world’s wealthy population is expected to continue to grow at a rapid pace and demand for diamonds is expected to rise.
 
The result, according to the FCRF, is that the diamond industry will change beyond recognition. Manufacturing and related technology will slowly disappear. The “second-hand” diamond market will flourish.
 
According to FCRF, the report should be an eye opener for diamond buyers and investors: “There is no reason why diamond buyers or anyone with long-term vision can’t start realizing an extra premium from this scarcity right now,” the report states.

Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
Advertisement
HouseAd_Trade Fair
Search News by City
Advertisement
Kosher 23460
Advertisement
Kosher 23460
Recent Issue
2019
AVAILABLE NOW...!
Advertisement
Kosher 23460
News in Pictures
Videos
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
Spotted: Who Wore What (August 2018)
Pictures: 4
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 15365
GJEPC Chairman Interview
Views: 14163
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 20991
Promo for IJ Awards 2012 at NDTV Profit
Views: 33721
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 37037
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 11660
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 35175
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 33253
Advertisement
KGK_Antwepr
Advertisement
Big Sub-IJ/DW
Member of:
Supporter of: