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Historic diamond hub feels the brunt as Americans buy fewer gems

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DIAMONDS
An ugly year for diamonds in the vital US market is piling pressure on Europe’s historic center of the $80-billion global trade. Diamond trading companies in the Belgian port city of Antwerp, which has been the industry’s trading capital for five centuries, were already feeling the pinch from a tightening credit bubble and thin margins.
 
 
 
 
 

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