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Progress was chequered, despite Government intervention. In 1927, 600 cutters were employed; in 1929, some 676 men were working in 28 factories, but by 1934, this number had fallen to about 250, and in 1938 only one cutting establishment remained. Had not world conditions changed in the following year, the diamond industry, as far as [...]

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USA largest consumer of diamonds

The U.S.A. is the largest consumer of diamonds, so it is not surprising that the cutting of gem stones has expanded enormously in that country since 1940. As an industry, it dates back to only about seventy years, New York being the center. Before 1939, there were about 300 cutters in the U.S.A., but since [...]

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