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COPYRIGHT 2004 Reed Business Information, Inc. (US)
The polished-diamond sector may be heading for a substantial "shakeout," Lazare Kaplan chairman Maurice Tempelsman told attendees at the recent American Gem Society Conclave in Atlanta.
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"The correction that looms ahead may be smooth and long in coming, or it may be soon and sudden," he said. "Either way, the impact will be felt at the retail level, as [suppliers] fail, and those that survive, being far fewer in number, become more important."
He said that the "fault lines are...
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