Turning the diamond market on its head
with the firecrackers of Diwali, which resounded throughout certain quarters of Johannesburg suburbia towards the end of October, comes cordite – and hope.
In fact, any phrase ending in the word ‘festival’ is likely to be welcomed by the world’s diamond sector, which has this year seen average prices plummet 35% below levels of 2014 to 20 17.
That’s because festivals often mean diamond (and gold jewellery) purchases.
Thanksgiving in the
