Russia’s biggest diamond mining firm sees China overtaking the U.S. as the world’s top buyer of the precious gemstone.
Trans Atlantic Gem Sales, also known as TAGS, held another successful diamond tender in early August, selling almost $21 million worth of rough diamonds.
Millennials have also posed a challenge for the diamond industry.
Adding pressure to Israel's diamond industry is the fact that India has taken its spot in the global market.
Sales of rough diamonds in Belgium, Brazil and Botswana have not been impressive so far this year.
The sales of diamonds dipped but experts are expecting a rebound as winter holidays are coming up.