Diamond industry warns of drastic change
Traders, cutters, and retailers are all warning that the diamond business’ struggles will cause a restructuring of the entire industry.
Articles Tagged "pricing"
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
Did Black Friday come through for diamond retailers?
The day after Thanksgiving has long been known as “Black Friday”, a moniker that denotes the fact that it is on that day that retailers go from being in the red, to the black. Many stores open as early as 4 am, coaxing shoppers through their doors with ‘once a year’ sales.
Diamond industry up in arms on Rapaport pricelist
In a discussion organized by Rapaport to announce the publication of a new RapNet price list on 6 November, Martin Rapaports spoke about diamond pricing among other issues. Martin Rapaport said: The business practices followed in the past are soon going to be rendered obsolete by the demands of the current economic scenario and urged the industry [...]
