Trends & forecast

Diamond traders will no longer be taxed on their annual profit, but on the revenue instead. Up until now, they had to pay corporate tax on their annual declared profit. By changing the basis of the tax to the revenues generated, there will be fewer possibilities to commit fraud.

The interest rate of the European Central Bank has reached its lowest level since the creation of the monetary union; the current interest rate is 0.5%. This more specifically refers to the interest rate the ECB asks in return for providing funds to banks. This leads to a declining interest rate on the average consumer’s traditional savings account.

Investing is always a risk, but in general, diamonds are considered a sustainable and safe choice. Isn’t it interesting to opt for diamonds as an investment in the long term? Therefore, a long term research is necessary.

Diamonds have always been a sign of prosperity. They still have the image of being expensive and unreachable, a privilege for those with the exorbitant funds for such luxury. Although diamonds are still not a common good, there is more variation in the price of diamonds than it used to be.

As expected the Federal Reserve (Fed) decided to continue its zero interest rate policy. However the grand question was if the central bank would give a hint about the chances of an interest rate increase in December. The Fed keeps all options open but clearly implies that as of December 16th a stricter monetary policy will be more likely.

Singapore boomed as a sales market for the Antwerp diamond in 2014. That was according to the Antwerp World Diamond Centre, representative of the Belgian diamond sector’s interests. At the time, the AWDC also predicted that the turnover realised in the Singaporean jewellery market would increase by 3% per year for many years to come. What has changed since 2014? What does the future have in store for the diamond price?