Articles Tagged "import"

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.

Around the globe, diamond exports drop

As economic turmoil spread around the globe in ‘08, the diamond industry lost some of its brilliance. The industry was doing well until about September, then diamond prices and sales went on a steep descent. Diamond prices are down about one-third since their high last August

No more diamond imports

The diamond industry has decided to temporarily suspend all import of rough diamonds to limit the impact of the global meltdown on the industry. For full story, click here