Sanghavi Diamonds awarded for second consecutive time

GJEPC honours it as the highest importer of diamonds

Post By : Diamond World News Service On 11 October 2007 12:00 AM
Pre-Christmas diamond jewellery sales have been continuing to rise despite the industry’s fears that the Blood Diamond film would skew opinion against diamonds during the biggest purchasing season in the year, according to reports.
The movie depicts the role diamonds played in funding the war in Sierra Leone during the 1990s. Fearing a backlash against diamonds, the industry boosted its advertising budget to $61.8 million in the third quarter, up 22 per cent from $50.3 million a year earlier, according to sources%%The move seems to have paid off as diamond jewellery is already one of this season’s top sellers, report trade journals. Tiffany & Co. recently reported that its holiday sales have surpassed expectations. And this year, the period between Thanksgiving and Christmas could account for 20 per cent of annual sales, the newspaper reports.%%However, even the Blood Diamond actors have been quick to point out that diamonds are playing an important role in the poorest of African countries.

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