Global diamond industry should soon recover

The long term outlook for diamond market still remains positive even despite certain pointers which suggest slowdown in diamond trade in the first half of this year. The temporarily slowdown might happen because of slow-growing U.S. diamond market, where last year sales were somewhat disappointing.

The rough diamond prices still lack stability and most expect this to last until the second half of the year, of course if global market manages to avoid yet another major recession.

The entire diamond industry wants to see higher rough diamond prices because they guarantee higher profits. The bottom has been passed for rough prices last summer but it will certainly take some time before U.S. market shows higher demand.

The best move to increase the rough diamond prices seems to be restricting their sale, and the final outcome of this tactic will depend on world's largest rough diamond sellers- De Beers and ALROSA.

The growing demand for diamond jewelry in Asian market also gives good long-term outlook for global diamond industry. The rapid growth of Asian diamond marker should also contribute to further growth of diamond prices, both rough and polished.

The fast-growing demand for diamonds in Asia should also give big boost to stagnating U.S. diamond market and lead the global diamond industry to the road of recovery.