A Diamond Shortage Is Looming, Experts Say

A diamond shortage is likely to hit the industry in the next few years, Bloomberg reports.

A supply deficit is predicted to hit sometime around 2021, according to new reports from industry analysts Berenberg and Panmure Gordon.

That’s good news for industry participants who have been “squeezed by oversupply,” according to Bloomberg.

A shortage has been predicted for years but has never arrived, thanks to “underwhelming” demand and zealous mining.

Panmure anticipates a shortage of 15 million carats in 2021. That would amount to 10 percent of global supply.

Predictions call for rough diamond prices to begin rising in 2021 or 2022.

Read more at Bloomberg