Bloomberg News

Diamonds Will Have ‘Buoyant Pricing Environment,’ Goldman Says

March 15, 2012

Diamonds will have a “buoyant pricing environment” this year as China becomes more of a consumer-driven economy, Goldman Sachs Group Inc. (GS) said.

“We see mounting evidence diamond prices have remained strong in 2012,” Eugene King, an analyst at Goldman, said in a report dated today. U.S. economic growth and “improved liquidity” in India will also benefit diamonds this year, he said.

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