Natural Resources - Mining & CommoditiesEmail
Kieron Hodgson, Panmure Gordon’s Commodities & Mining research analyst, issued a more cautious forecast for average rough diamond prices in the latest Quarterly Carat research report.
The revised forecasts of rough diamond prices anticipate a 5% decline in 2019, compared with the previous forecast of average prices being flat on a comparative basis. We still expect production growth to moderate in 2019 before declining into a deficit by 2021.We have reviewed our global diamond mine database and concluded that the growth in global production, largely responsible for the weakness in small diamond prices, will now moderate before declining through to 2021.
The report also reviewed forecasts for Petra, Gen, Lucapa and Firestone.
For more information, please contact Kieron Hodgson, below.