The crisis in the diamond industry has hit bottom, and the industry can now look forward to growth, according to DeBeers managing director Gareth Penny. Mr. Penny relayed this message to a room full of diamond merchants, manufacturers, and leaders at the Diamond Town Hall Meeting on June 3rd.
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 [...]
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