Watchmaker says no to diamonds, 12-year-old helps pull off diamond theft, and other stories on the industry’s radar this week.
– Vacheron no longer wants diamonds on its watches.
– India wants to eliminate diamond-industry middlemen.
– Diamond smuggler nabbed at Israeli airport. Congolese smuggler caught in Zimbabwe.
– Rough prices are dropping, Petra CEO says. Gem Diamonds sees prices staying weak. Analysts don’t see dramatic slide. CNN asks: “Time to buy?”
– 12-year-old helps pull off multimillion-dollar diamond theft.
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