A good time to buy diamonds

Diamonds have had a good year so far. The prices big mining groups charge for rough diamonds rose by an average of 7% in the first half of 2014. And the long-term outlook is bullish. Production has stalled in recent years, after dropping from a record 180 million carats in 2005.

There has not been a major diamond mine discovery since the late 1990s, which implies that supplies will start dwindling in 2018, reckons Bain, a global management consultancy. Demand should grow by around 5% a year over the next decade.

America remains the biggest diamond market. It [...]

Want to read this article now?

MoneyWeek magazine

Latest issue:

Magazine cover
Heading higher?

Or are house prices set to fall?

The UK's best-selling financial magazine. Take a FREE trial today.
Claim 4 FREE Issues

'Would you rather upset God, or have Him just ignore you?'

In the first of three interviews with Merryn Somerset Webb, Hugh Hendry, manager of the Eclectica Fund, talks about what it takes to be a good hedge fund manager – and how he learned to stop worrying and love central banks.


Which investment platform?

When it comes to buying shares and funds, there are several investment platforms and brokers to choose from. They all offer various fee structures to suit individual investing habits.
Find out which one is best for you.


21 November 1969: The first permanent Arpanet link

A milestone in the formation of the internet, the first permanent Arpanet link was established on this day in 1969 between researchers in the United States.