Diamond Q2 & Q3 2013

Diamond Q2 & Q3 2013

By all accounts, the migration has been very successful with many Sightholders expressing their satisfaction with the facilities and organization.

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Despite this highlight of the year, a number of challenges will continue to affect the industry going forward. These include complaints of tight margins by the polishers and retailers, the spectre of synthetic diamonds coupled with the declining spend by the industry on marketing, branding and advertising, and the more conservative approach adopted by the financial institutions. These issues will need to be addressed and resolved sooner rather than later.

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