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"A small number of cash-rich buyers have supported prices but the supply of these funds is limited, which means prices are likely to dip again in the first half of next year".
News of a supply disruption in Nigeria also supported prices.
Similar(58)
Politics will further support prices.
The kingdom has for years restrained output to support prices.
Right now there is a lot of demand to support prices".
Instead of trying to support prices, it decided to maintain market share.
But in many places, these pillars no longer fully support prices in the upper range.
This has angered Saudi Arabia and other Persian Gulf countries that take the pain for supporting prices.
Higher inflation tends to go hand in hand with stronger economic growth, which should lower default rates, supporting prices.
"Our evidence convincingly shows that bans are bad for liquidity and do not help to support prices.
De Beers's shrinking share of the market was making it harder to support prices by sopping up gems itself.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com