answersLogoWhite

0

What happened to the diamond industry in 1997-1998?

Updated: 8/19/2019
User Avatar

Wiki User

13y ago

Best Answer

Economic conditions in Asia in 1997-1998 caused sales of diamonds to decline, which resulted in an oversupply.

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What happened to the diamond industry in 1997-1998?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Is the diamond industry an oligopoly or monopolistic cometition?

The diamond industry is an oligopoly, or an industry dominated by a small number of large businesses.


What happened to the diamond industry during the late 1980s?

One-carat diamonds once valued at $60,000 sold for $12,000. Bankruptcies, closings, and reorganizations sent shock waves through the industry.


What is the main industry in black diamond Washington?

What is the main industry in Washington?


Who was the top goal scorer in the 19971998 premiership?

Dion Dublin, Michael Owen and Chris Sutton shared that accolade with 18 goals.


When did Diamond Crush happen?

Diamond Crush happened in 2006.


When did Legends of the Diamond happen?

Legends of the Diamond happened in 1992.


When did Battle of the Diamond happen?

Battle of the Diamond happened in 1795.


When did Diamond Rock happen?

Diamond Rock happened in 1805.


Who is the largest consumer of diamond in the world?

Industries consume about 75% of the diamond industry's production, annually.


Is Belgium is the center of diamond?

Diamonds are an important industry in Belgium, however no diamond mines exist there.


Which industry makes more diamond or oil?

Oil


Who run the diamond industry in Serra Leorna?

Debeers