What is the state of the global diamond industry in 2013? During the JCK Vegas show,
Martin Rapaport, the chairman of the Rapaport Group, speaks to hundreds of jewelers, dealers and manufacturers during the annual Rapaport Breakfast at JCK and he warns the trade not to buy overpriced rough diamonds. He also projects global diamond demand and supply, growth markets, consumer trends and economic indicators and he blames Indian government’s credit policy and irresponsible banks for overextending credit to the diamond trade resulting in inflated rough prices.
Rapaport also identified significant opportunities for the diamond trade such as how to reach the up-and-coming powerhouse market of the millennial generation, purchasing diamonds and jewelry from the public and the development of investment diamond markets.
This post was written by StettnerInvestment