US recession- boulder into a pond

- November 12th, 2008

Diamond Investing News reports diamond markets have been feeling the US recession worldwide. The industry was being buoyed by the purchases of the wealthy, an economic class that had yet to feel the “money pinch”. Unfortunately, under the surface a crisis was brewing- the smaller, mass produced diamonds that catered to the masses were sitting … Continued

Diamond Investing News reports diamond markets have been feeling the US recession worldwide.

The industry was being buoyed by the purchases of the wealthy, an economic class that had yet to feel the “money pinch”. Unfortunately, under the surface a crisis was brewing- the smaller, mass produced diamonds that catered to the masses were sitting on shelves without buyers.  A handful of jewellery companies went bankrupt– leaving the miners and financiers who supported them out in the cold.

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