Diamond prices are expected to rise on the back of an increase in middle-income customers in China and India, who are interested in buying diamonds, says mining consultancy MSA Group. The company says the price increase will occur, as this increase in demand is not balanced by an equivalent projection of growth in supply, as ageing mines gradually become depleted. “Growth in the industry is being driven by the massive new consumer markets in China and to a lesser, but still significant extent, India. The growth in these two economies, in particular, is driving the market higher, and is projected to continue to do so for several years to come”, says MSA principal consultant Mike Lynn. “While the industry will continue to experience short-term fluctuations in diamond prices, the long-term fundamentals remain strong.".