Diamond industry warns of drastic change

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Wed, Mar 11, 2009

Natural Resource Market News
Post by Melissa Pistilli, Resource Reporter

Diamond Investing News reports diamond markets are struggling with the current economy and warns that changes may take place.

The lack of equity world-wide is especially nerve wracking for the diamond industry. The diamond business is centered on debt, even when times are good. Due to the high value of even a small amount of diamonds, large loans are taken out to front the costs. Normally, handsome profits are made when the goods are sold, and then the loans are easily paid back.

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