Evening Republican, Volume 21, Number 147, Rensselaer, Jasper County, 9 July 1917 — Diamonds to Remain High. [ARTICLE]

Diamonds to Remain High.

The high cost of diamonds keeps up. If you have any hidden away among your potatoes and onions hold them, for you may not get any more. This is the prophecy made at a convention of the New York State Retail Jewelers’ association at New York, which predicts that the high price of diamonds will hold for a good many years after the war. Benjamin Rees, a diamond importer, in the role of prophet, said he had been abroad on diamond-buying excursions five times since tire war began ; that diamonds have advanced in price 30 to 40 per cent in the past year, and that the high prices will hold because the 17,000 cutters and polishers in Belgium are gone, the Kaffirs who mined the rough diamonds are making munitions and that England probably will put a tax on rough diamonds.