Business: Diamonds

After every financial crisis, curious eyes turn toward the luxury trades. Last week, many eyes turned toward diamonds. Sardonically, they noted the following developments in three great world diamond centres:

1) In Amsterdam, buyers deserted the Tulpstrat and the Saphartistraat, famed centres of diamond cutting; the Dutch Diamond Association voted to reduce working days from six to three a week, from Dec. 8 to Jan. 4.

2) In Antwerp, largest diamond cutting centre of all, Belgian diamond magnates gathered to discuss the impossibility of finding...

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