Namibia’s Diamonds Dwindle
Namibia is having to contend with strong under currents these days. The economic recession has put paid to the country's main life-line: diamond exports. The road ahead?
Namibia is having to contend with strong under currents these days. The economic recession has put paid to the country's main life-line: diamond exports. The road ahead?
As the economic recession increased its stronghold on consumers, plunging jewellery sales sent the diamond industry into a tail spin. At the onset of the slowdown, the industry seemed immune, as sales of top tier goods overshadowed the decline in mid-grade diamond sales.
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