Diamond market cools as investors face losses
The luster fades for investment diamonds as prices fall from peak levels. A one carat flawless diamond dropped from 65 000 to 40 000, with Erwin Katz of United Diamond Assets noting uneven declines across grades. He cites high interest rates and a rapid rise in prices as causes, but predicts a temporary correction and a buying opportunity for diamonds.
MENTIONED IN THIS ARTICLE
Martin Gerchen
Copley News Service
Erwin Katz
United Diamond Assets Inc
New York City
Katz
Alex Kramarc
Bue Biamond Co
Public hearings set on MX missile sites in Texas
The Air Force will hold hearings in four Texas cities to gather public comment on MX missile basing. The MX system could be deployed in Nevada and Utah, or split across four states including Texas and New Mexico. Comments will inform the final environmental impact statement due this summer before a location decision. Public hearings started Monday in Las Vegas.
MENTIONED IN THIS ARTICLE
Austin
Texas
U.S. Air Force
Air Force
Great Basin
Nevada
Utah
New Mexico
Las Vegas
Nev
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