The fracking boom in North America may have made 'peak oil' somewhat of a dated phrase but could 'peak diamonds' take its place as the new catch phrase for resource investors?
Perhaps not but De Beers CEO Philippe Mellier none-the-less thinks it's true.
Mellier told the German press that diamond output will peak in 2017 after which time it will begin a steady decline. That looming supply constraint could meet with more demand if the current trend continues. Forecasts have the world diamond market growing by 4 to 4.5% this year alone, with the United States, China and India being the key drivers.
Thus far, however, the shift in fundamentals hasn't made much of an impact on diamond prices …
Read the complete story at NorthernMiner.com/news/peak-diamonds