For polished diamonds, those worked on by the Antwerp craftsmen, the figures are 32 percent and 28 percent down.
By Expatica.com
Antwerp -- Diamonds may be forever but traders in Antwerp are hoping Europe's recession won't be as it is turning their businesses pear-shaped.
"Business is down 20-30 percent," moaned Dany Meylemans, boss of one of the diamond polishing companies in the Belgian city known as the diamond capital of the world.
In his workshop nine employees, each wearing an eye-glass, were finishing and polishing tiny facets on the precious gems.
Each individual diamond requires two to four weeks painstaking and precise work, from which the finished article derives much of its value.
Meylemans has seen demand weaken since this time last year.
"For us, the crisis started before the fall of the stock markets," he said....(Remainder.)
By Expatica.comAntwerp -- Diamonds may be forever but traders in Antwerp are hoping Europe's recession won't be as it is turning their businesses pear-shaped.
"Business is down 20-30 percent," moaned Dany Meylemans, boss of one of the diamond polishing companies in the Belgian city known as the diamond capital of the world.
In his workshop nine employees, each wearing an eye-glass, were finishing and polishing tiny facets on the precious gems.
Each individual diamond requires two to four weeks painstaking and precise work, from which the finished article derives much of its value.
Meylemans has seen demand weaken since this time last year.
"For us, the crisis started before the fall of the stock markets," he said....(Remainder.)



"It's a concrete example of our drive to cut unnecessary red tape. We simply don't need to regulate this sort of thing at EU level. It is far better to leave it to market operators."