Articles Tagged "economic"

Emotions play into diamond market

In 2008, as the bleak economic outlook deepened, there were significant repercussions for the diamond industry. Early on in the downswing it seemed that the industry would withstand the economic current. However, under close examination it was apparent that a storm was brewing.

Around the globe, diamond imports and exports collapse

With the holiday season behind us, now is the time diamond miners and retailers should have full pockets and empty shelves. However, with the holiday season of ’08 coming on the back of economic catastrophe, countries across the globe are reporting stark numbers for diamond exports and imports.

Jewellery sector loses its glitter

Local jewellers reacted with cautious optimism to predictions that the global economic crisis was set to take the glitter out of the jewellery business this year. Ian Furman of Jewellery Replacement Consultants said: Jewellery sales are down despite the fact that gem prices are dropping. For full story, click here