Diamond Embargo Defered
Diamond traders have deferred their decision to put an embargo on import of rough diamonds as they had done in November 2008.
Following a significant drop in profitability in the quarter to June, the traders have decided to keep a close watch on the scenario for a month and initiate talks with diamond miners such Rio Tinto, De Beers and Alrosa to come up with suitable measures.
Ian Gallachers Blog
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