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Article: Design contest aims to help diamond firms diversify.
- Article from:
- Israel Diamonds
- Article date:
- December 1, 2008
CopyrightCOPYRIGHT 2008 Reed Business Information, Inc. (US). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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With the financial meltdown on world markets causing concerns in the diamond industry as much as others, the Israel Diamond Institute (IDI) has launched a campaign to encourage diamond companies to move downstream into jewelry manufacturing as a means to enhance their position in an increasingly competitive market. Globalization and more easily accessible information via the Internet are among the reasons for the increasingly cut-throat nature of the modern-day diamond trade. In addition, falling consumer disposable income, the housing crisis in the United States and rising gas prices have reduced the likelihood that diamond jewelry is ...