From Mineweb.com: The head of a diamond trading group said a downturn in the United States, the world’s top consumer, may compound his members’ debt burden, and as such he welcomed a move by De Beers to trim supply in the coming months.

Avi Paz, president of the World Federation of Diamond Bourses, told Reuters in an interview on Tuesday he was concerned about the debt burden in the diamond industry….. Full Article: Source