According to Reuters, the World Diamond Council (WDC) said on Monday that the price of rough diamonds is expected to rise this year after years of shocks driven by the recovery in US consumer demand and strong demand for diamonds in Asia. WDC Chairman Eli Izhakoff said that diamond prices have experienced price increases and summer slumps in the first half of last year. They will remain stable this year and have a higher momentum. The future looks seem bullish. "I think the price will end this year with a higher price." Izhakoff pointed out that the United States is the world's largest consumer of polished diamonds. With the country's economic recovery, diamond demand has been strong during the year. At the same time, the demand for diamonds in India and China is also very optimistic. But Izhakoff also pointed out that Europe is in deep debt crisis and the demand for diamonds is overcast. He added that demand for diamonds in Europe is mainly from tourists from Asia and Eastern Europe, and austerity policies in many countries have hurt local demand.
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