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U.S. Demand For Diamonds "Remarkably Strong," Says De Beers CEO – JCK jckonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jckonline.com Daily Mail and Mail on Sunday newspapers.
Trump Organization Charges Magnify Risks of Debt Refinancing wealthmanagement.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wealthmanagement.com Daily Mail and Mail on Sunday newspapers.
Share Last March, as it was dawning on the world just how seismic the COVID-19 pandemic would be, I wrote a blog urging people in the jewelry industry to hang on. Reflecting on past crises, like 9/11 and the 2008 financial meltdown, I said: “If I could go back in time, and give myself advice as I lived through those two crises, I’d say, ‘Things will get better.’ ” While nothing I put in that post was wrong, in retrospect it was rather naive. It assumed COVID-19 would be over in a few months. I didn’t imagine the human toll this virus would take, nor how long this would drag on. It’s one year later, and I’m still working from home, and likely will for a lot longer. ....
Pam Danziger, DIAMONDS “Guess what happens when you try to choose a diamond [online]? You’re presented with what amounts to an Excel spreadsheet showing all the diamonds available. You would have to be an expert to pick a stone wisely. You need years and years of education. Try pulling up all the online retailers I’m telling you, if you delete the scribbly logo in the corner, you can’t tell the difference.” Gemist founder “In [the] absence of willing midstream lenders, [diamond miners] may have no choice [than to provide] credit. This will make the pipeline a much healthier place for everyone. If the producer extends credit, it must double-check or even triple-check the financial strength of its clients.… That’s almost like going back to the ‘old days,’ where one knew that sightholders were solid and dependable, trustworthy companies.” ....