Is the Sparkle getting Dull?

The allure of diamonds is being challenged today, with the economic environment, Diamond World reports in its Weekly E-Post. Major markets like India are facing a tight spot with the falling of the Indian Rupee, rise in inflation, European economic crisis and such. China too is not lending too much hope for growth. Also, the rise in rough diamond and polished diamond prices are breathing down on manufacturers.
While the industry is known to be resilient and unshaken even in strongest of situations, at present it still is finding its lifeline to bail it out of this gloom. While trade is slow, there is some positive hope and enthusiasm reflected by trade bodies which are consistently supporting generic promotion of diamonds. And this is helping strengthen the strings of the trade to be more ethical, vigilant and transparent.
As the second half of the year unfolds, will it lend to a new beginning for the trade or a fall in its confidence. It is all a matter of waiting and watching.