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2008 Was A Tough Year For Diamonds and Engagement Rings

Sales of Luxury items, especially diamonds and jewelry took a big hit in 2008 and their sales across the board were significantly down for both Retail Brick & Mortar jewelers as well as Internet diamond websites. Reports of 35-55% decreases in sales were noted.

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Avi Krawitz of Rapaport News provides a detailed review and analysis on the diamond industry of 2008 and what might be in store in 2009.

Diamonds-OUCH!


Posted by Barry Gutwein on January 6, 2009 11:41 AM in Diamond Information | Comments (1)

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Comments

I'm afraid that is true but the jewelry stores had it worse.

Posted by: Diamonds on January 7, 2009 12:55 PM

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