The United States, Japan and the Eurozone collectively consume about 80% of diamond jewelry, with the main weather in this market being made by the middle class, who suffer the most from growing unemployment. The growth of unemployment and the condition of the diamond market are in a stable correlation to each other - in the first half of 2009, polished imports in the US declined by more than 50% compared to the same period last year, imports into Japan fell by more than a third.
So far, there is no reason to say that the US, Japanese and Eurozone economies will recover to pre-crisis levels in the next 1.5 to 2 years. On the contrary, there is a steady tendency to revise forecasts in favor of pessimistic scenarios, since it is already clear that mass layoffs and salary cuts will quickly lead to a reduction in the purchasing power of the population, to a reduction in demand, which in turn leads to a reduction in production - The spiral leading to the abyss. Attempts to get out of this spin by pumping liquidity in the banking sector so far allowed only to slow down the process, but did not lead to a radical solution to the problem - voices about the forthcoming fall of the second wave of the crisis, the rapidly growing deficits of national and corporate budgets are being voiced.
http://rough-polished.com/ru/analytics/28089.html
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