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Collateral Damage - Diamonds

October 21st, 2008, 9:08 pm

In plenty of time for the holidays -Oct. 21 (Bloomberg) -- De Beers, the world's biggest supplier of rough diamonds, said price growth seen this year "is bound to moderate'' and it will reassess output in 2009 should the global economy fall into recession. Average prices climbed 16 percent in the year to August and haven't increased since, De Beers said...Commodity prices are sliding as a global financial crisis deepens into an economic slump in the U.S., which accounts for about half of diamond retail sales. Confidence among U.S. buyers of luxury goods fell to the lowest level in at least four years, researcher Unity Marketing said last week. That has hurt luxury retailers including Tiffany & Co. and Cie. Financiere Richemont SA. Richemont, the world's biggest jewelry maker, dropped 37 percent in Zurich trading this year. Tiffany, the second-biggest luxury-jewelry retailer, lost 41 percent in New York. De Beers Says Diamond Price Gains Will Moderate - Bloomberg Oct 21Oh, for the good old days - Breakfast at Tiffany's (1961) - TrailerOther Diamond News: Christie's Auction - The Ponahalo Diamonds - Oct 15
Last edited by trackstar on October 20th, 2008, 10:00 pm, edited 1 time in total.
 
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Re: Collateral Damage - Diamonds

September 23rd, 2022, 2:51 pm

When it comes to Russia, then-Belgian Prime Minister Charles Michel, now the European Council president, was another advocate for Antwerp’s diamond scene. In January 2018, Michel met Dmitry Medvedev, then Russian premier, in Moscow to discuss business opportunities.
вот мой дорогой двоюродный брат