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Wednesday, February 25, 2009

Martin Rapaport Viewpoint

Bubble Trouble
http://www.diamonds.net/News/NewsItem.aspx?ArticleID=25433

Interesting perspective. I think the diamond industry is definitely going through its own boom and bust cycle and god knows when the prices are going to stabilize. Diamond dealers are fleeing with stones and money + the morale is low. Simply put, they have seen the movie before + they have short memory. Frozen, really!

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