Economic conditions in Asia in 1997-1998 caused sales of diamonds to decline, which resulted in an oversupply.
The diamond industry is an oligopoly, or an industry dominated by a small number of large businesses.
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 Washington?
Dion Dublin, Michael Owen and Chris Sutton shared that accolade with 18 goals.
Diamond Crush happened in 2006.
Legends of the Diamond happened in 1992.
Battle of the Diamond happened in 1795.
Diamond Rock happened in 1805.
Industries consume about 75% of the diamond industry's production, annually.
Diamonds are an important industry in Belgium, however no diamond mines exist there.
Oil
Debeers