belgium

Diamond dealers have drastically reduced their purchases from diamond cutters which has affected the overall market flow. Diamond dealers also expect that jewelry manufacturers will follow suit and not purchase new inventory for the upcoming holidays. As of July there was little rough diamond cutting and manufacturing coming into the market with plenty of polished available.

The Herald reported that the auditors found dubious procurement figures for the managements personal gain. "There are indications that management may have been doing that in connivance with officials from other sectors of ministry.