A new report has found that the cost of diamonds is only increasing, thanks to the booming market for luxury jewelry and the government’s efforts to make them more affordable.
The report, from the Rhodium Group, says the price of a 1,000-carat diamond has been rising steadily since the year 2000, even though demand for jewelry has fallen.
This has led to a spike in the price.
But as the report points out, that doesn’t mean that the price is going up because demand for diamonds has dropped.
Instead, demand is simply getting higher.
“Demand for diamond is rising because of a dramatic increase in supply,” the report states.
“Diamond prices are increasing in part because of the increased supply of diamonds in the market and a surge in demand for the precious metals that make up the bulk of diamond.”
It’s not clear how much of the increase is due to a boom in demand, but the report also notes that demand for diamond has also skyrocketed.
In the past two decades, the number of diamonds being mined around the world has doubled.
And in a country like China, which is also looking to boost its economic growth, the price for diamonds is now so high that a diamond can fetch more than $20,000.
While this is good news for the diamond industry, the Rhodia Group says the rising prices also put a squeeze on local producers.
“As demand for minerals is rising, so too are costs for mining and the supply of mining equipment and machinery,” the group writes.
“There is a growing gap between what is being mined and what is actually being produced.”
The report also points out that there are also a lot of people looking to make a buck off of the precious metal.
“The demand for metals such as gold, platinum, palladium and silver has increased exponentially over the last few years and there is a lot more money to be made in mining than before,” the Rhodias report states, adding that the “price of a unit of gold is now at record highs, and the value of an ounce of platinum is now higher than at any time in the last decade.”
The average price of gold has increased by almost 100% since 2009.
The price of platinum has increased nearly 300%.
It’s also true that the demand for gold and platinum is increasing in a way that is not seen in other industries.
“Gold mining has been a booming business for many years and the demand is outstripping supply,” David Daley, the director of Rhodium’s Global Markets Group, told Recode.
“But this growth in demand has come with some downsides, as it has led the price and the quality of the mined gold to go up.
This in turn has resulted in a glut of mined gold, with gold prices on average over the past several years approaching $2,000 per ounce.”
The government has tried to curb the spike in demand.
It has introduced price caps, but those have failed to slow the rise in prices.
In 2016, China imposed a new gold price cap, with a cap of $1,250 per ounce.
The Rhodias also points to a few other changes that have occurred since the start of the current economic boom.
In February 2017, the Chinese government announced that it was cracking down on corruption in the industry.
It banned the sale of raw materials such as copper, lead and gold in order to improve quality control and to reduce corruption.
This crackdown on corruption has also resulted in increased demand for Chinese goods and a rise in demand by consumers in the United States.
In July 2017, China also introduced a gold price tax, but that hasn’t helped the industry either.
China’s new regulations have also been criticized for making it easier for the government to regulate the price system.
In August 2017, Chinese authorities introduced a price cap on gold, which has resulted the price per ounce rising from around $10,000 to $14,000, but many analysts say the cap will be too high.
China also imposed a price limit on the sale and purchase of rare earth metals in the country, which also has resulted a surge of demand for those metals.
“A price limit does not reduce the volume of demand, and a high price limit will increase the cost per ounce of gold,” the World Gold Council said in a statement.
“It will also increase the price, which means a higher price for consumers.
The new price cap is therefore likely to have negative consequences for gold miners.”
It is possible that the prices of precious metals will rise even more, though there are no firm plans for the increase in demand to make it happen.
And while the government seems to be taking some steps to make the price more affordable, the prices for precious metals are still expected to continue to increase.
“We expect that as prices continue to rise and the number and volume of people who are buying gold increases, the cost to mine the precious material will continue to go through the roof,” the National Association of