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Strong Diamond Trading Action at IIJS

Aug 25, 2010 7:00 PM   By Rapaport News
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The Spectrem Millionaire Investor Confidence Index fell to negative 18 points in August, not far from a record low of negative 20 points in June 2009.  Uber-weathly investors are worried about tax policies in the U.S. whereas the average consumer is worried about job security. But with all income brackets "worried" about their life and future in general, these low index readings are often followed by weaker or contracting retail spending trends.

But there is more to this industry than consumer measures out of the U.S. market, so turning to good news from India, the IIJS show in Mumbai experienced strong  business activity. Organizers felt confident that  the IIJS Mumbai show generated  $850 million worth of deals. Demand for goods was spread across all categories of diamonds. There was also strong activity in fancy shapes with emerald cuts in 40 to 70 pointers proving popular. Pear shapes and princess cuts also generated interest among buyers.

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