The victory of Donald Trump in the US presidential election may support the diamond market, says CEO of the diamond company De Beers Bryus Cleaver (Bruce Cleaver). According to him, keeping promises Trump to reduce taxes and increase in employment will lead to middle-class wealth and will support the market.
"The effect should be positive, of course, in the short term: tax cuts, increasing the number of jobs, all this translates into revenue growth, which is converted to growth in demand for diamonds," - he said in an interview Cleaver Bloomberg.
This year De Beers expects similar sales in 2015 and a slight decline against the dollar strengthening. In 2017 sales, according to the CEO of the company can grow. According to De Beers, in the first half of 2016 diamond prices fell by 7% in the second half of the year prices "stable enough", the company said.
According to Cleaver, on diamond demand growth will be associated with the economic plan of Trump. The president-elect has previously stated that he intends to cut taxes, create jobs and increase spending on infrastructure projects.
In particular, during the pre-election program of Trump proposed to reduce the maximum income tax rate from the current 39.6 to 33% and simplify the progressive scale of taxation, leaving the three rates: 33, 25 and 12%.
Significant tax relief provided for large businesses - reducing the weighted average rate of income tax from 35 to 15%, which is intended to prevent the removal of assets from the country and create jobs. At the headquarters of Trump argued that the fiscal burden will be reduced for all segments of the population.
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