Industry News by Nemesis

FCRF: Most Top Diamond Mines Will Close Within One Generation

February 21, 2019

 

The Fancy Color Research Foundation (FCRF) contends that within a quarter of a century the majority of the 45 most notable diamond mines operating today will cease to exist. According to the FCRF, diamond prices will rise as supply wanes.

 

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.

 

The report may be reproduced in full, with credit to FCRF: Find it at: https://www.fcresearch.org/the-last-diamond-unearthed-the-countdown-is-on/

 

Source: Idex

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