Diamond production and prices are up, making a diamond ETF particularly opportune.
Jeff Miller for Diamonds.Net reports that Harry Winston Diamond Corp. posted a 62% gain this year on increased revenue from the first quarter. Rough diamond prices also rose and there was a 17% increase in the volume of carats sold for the quarter. Production also jumped 14% in year over year.
Will De Beers bow to pressure? For now, we’ll watch and wait.
Tisha Guerrero contributed to this article.