Feb 17, 2011

40. Diamond Prices Going Up

CNBC's Fast Money: Diamond Prices Jumping Along With Commodities - CNBC

"The Diamond Price Index is up almost 10 percent in 12 months, the biggest year-over-year increase since 2008, according to Morgan Stanley and the International Diamond Exchange. De Beers, the world’s biggest producer, said last week that prices for rough diamonds increased by 27 percent in 2010 to levels higher than before the global financial crisis."
Not down with all the financial mumbo-jumbo? Basically it says - and for those thinking about getting engaged...PAY ATTENTION - the prices of diamonds (engagement rings) are going up.

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