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Today's Top News

There Is an Oversupply of Diamonds Worth Billions in the World Due to COVID-19

3 years ago
by jewelerssuite
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The coronavirus pandemic has left the world with an influx of diamonds. As the world opens back up, dealers now have to figure out how to get rid of their stockpiles without weakening the fledgling recovery.

The global health crisis ravaged the diamond industry, Bloomberg Quint reports. Jewelers have shuttered, artisans forced to stay at home, and sellers like Botswana-based De Beers had to cancel its big yearly March sale because buyers couldn’t travel to view the product.

To read more of the story, Click Here.

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Tillis Jewelry’s secret for surviving tough times: adapt to demand with quality work, fair prices
Spending starting to improve, some retail sales rising

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