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!

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