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American consumers still buying diamonds

Despite nagging high unemployment and other negative influencers, American consumers are still shopping. Last year, one of the benefactors of their spending was the U.S. jewelry industry, which posted solid sales gains versus total retail sales gains for all categories. U.S. jewelry and watch sales combined set a record high in 2011 of $68.3 billion.

Falling Rupee stalls diamond industry

Indian firms that have borrowed funds from overseas banks would now have bear a higher burden for discharging their debts. Moreover, the diamond industry is dependent on import of rough diamonds and depreciation of rupee would push up the import cost even when prospects for exports of polished diamond might remain uncertain.
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American consumers still buying diamonds

Despite nagging high unemployment and other negative influencers, American consumers are still shopping. Last year, one of the benefactors of their spending was the U.S. jewelry industry, which posted solid sales gains versus total retail sales gains for all categories. U.S. jewelry and watch sales combined set a record high in 2011 of $68.3 billion.