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| LEADING THE INDUSTRY TO THE CRASH OF 2012 |
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| 21 June 2012 |
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| CHAIM EVEN-ZOHAR |
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| "The crash of 2008 was far more benevolent than the coming diamond crash of 2012," remarked a large DTC sightholder, explaining the difference as follows: "In late 2008 and early 2009, the business came to a virtual standstill. We didn't buy, nor did we sell. Accounts receivables came in. Our banking debt went down. In early 2009, when the business gradually normalized, our activity resumed, prices stabilized - and we emerged from the crisis without major damage. There were hardly any bankruptcies."
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