From retailers in Middle America to jewelry manufacturers in India, from polishers in Israel to rough traders in Antwerp and miners in Africa – the global diamond industry seems tired, pessimistic and gloomy. Everyone in the pipeline is seeing their sales decline and their turnover shrink, with improvement resting on a distant horizon – constantly receding. It seemed that no …
The Diamond Austerity
In July, diamond miners will offer fewer goods, but in August – this saga will be of a greater magnitude. A diamond austerity plan is needed.
Is the Diamond Market Screeching to a Halt?
From top to bottom, the diamond market is changing, and in most places the change is anything but positive. The upcoming Sight, business failures in India and Israel and the languishing retail market all have issues. Not all is bad though, there is some good news as well. Rough Diamond Market: Worry about the Next Sight The upcoming Sight is …