Rough diamond prices to bounce back in 2014 -lobby

viernes 18 de abril de 2014 07:53 GYT

* Rough diamond prices may gain 5-10 pct in 2014

* Latin America and Africa have potential to develop diamond consumer markets

By Diana Asonova

MOSCOW, April 18 (Reuters) - Natural rough diamond prices may rise 5 to 10 percent in 2014 on recovering demand for jewellery in developed and emerging markets, the head of Belgium's diamond lobby told Reuters in an interview.

The global market came under pressure in 2013 as a weakening rupee and tight credit conditions suppressed demand from the world's biggest diamond polishing marker, India.

Polished diamond prices increased in all categories in 2014 as trade volumes reached their highest level since early 2011, diamond market watcher Rapaport said.

A positive polished market could put rough prices on a healthier footing in 2014, according to Stephane Fischler, president of the Antwerp World Diamond Centre (AWDC).

"We have already had an increase in rough prices in the first quarter. They could gain up to 5 percent more by the end of the year," Fischler said in an interview in Moscow.

He said there was a "healthy outlook" for rough diamond prices this year, forecasting an overall rise of between 5 and 10 percent.   Continuación...