Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: RealMuLan who wrote (49384)	5/3/2004 5:17:16 PM
From: RealMuLan	of 74559

Slowdown?<g> -- DIAMOND TRADING UP 39% IN CHINA May 03, 2004 Diamond trading has increased by 39 percent to US$80.8 million during the first quarter of this year at the Shanghai Diamond Trading Center, compared to one year ago, according to China Daily News. The volume of trading in March increased by 91 percent as compared to March 2003 with trading totaling US$40.7 million, and diamond imports rising 48 percent to US$12.2 million. In other news, Abbey Chikane, Director of the World Diamond Council and Chairman of the South Africa Diamond Board, told guests at the opening ceremony of a South African diamond culture and jewelry exhibition in China that the country holds great potential for diamond consumption with its rapid economic growth, reports the China People Daily. "As China's disposable income per person is on the rise, people value quality and brand more. Diamonds are a luxury item, but we hope they will enter more Chinese people's lives as luxury cars or watches have,?says Chikane, praising the Chinese government's efforts to comply with the Kimberley Process. tacyltd.com

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