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Diamond Industry Faces Headache as Key U.S. Market Takes a Knock

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In the diamond industry, the only place that really matters is the U.S., and the market is starting to look a little shaky.

In a country where consumers buy almost half the world’s gems, Tiffany & Co. and Signet Jewelers Ltd. this week reported disappointing sales. That’s a blow to expectations that President Donald Trump’s pro-business policies would give consumers more money to spend on luxury items such as diamonds.

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