First of all, i must say i was happy this week to study in the HRD Antwerp .... It s a wonderful Institute of Gemmology !!
Currently, 25% of the diamonds buyers worldwide are chinese ...., there are many indian businesses in Antwerp and Russia holds large reserves of rough diamonds .... This industry clearly is going to East. The cheapest diamond cutters are already in India. The European banking system is in trouble and the end of the famous Antwerp Diamond Bank is a bad sign ....
Chinese, indian or russian banks won t cope with a liquidity crunch ......Therefore, european banks can t play the same game !!!!
Colored diamonds are truly rare gems .... for chinese, indian, russian , american or european sellers .... Nobody has a real advantage on this particular market !!!!
To cope with the liquidity crunch, european business should sell less but better .... many companies will disappear !!! Physical Diamonds in reserves can be wonderful collaterals ....
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