What Goes Up…



…may not come down, if diamond prices follow demand in the Far EastFor some months now, the diamond market has been moving at rocket speed, mostly in indeterminate directions. Most insiders will agree on one thing: uncertainty, the very thing all markets hate. As much as that was the case before the unrest in North Africa and the Middle East, those events and the disastrous earthquake and tsunami in Japan only served to remind us all of the fragility of our existence.The Hong Kong International Jewellery Show, held in March, was an excellent illustration of the contradictions in the diamond business. It’s the only major international show with a heavy representation of diamond dealers from all over the world. Many dozens of companies from Antwerp, Israel, India, the United States, and China were there. At first glance, it was a sight to see.  The stocks of diamonds on display we
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