RE:RE:RE:Recession greenpine wrote: Solid points Gerrywerry. I just worry that being in the diamond business, the ultimate luxury item, could be rough if things take a hard turn south
The luxury good industry indicated weakness recently (see Tiffany Q3) based on trade tariffs and depreciating currencies (see renmimbi). Chinese demand faultered abroad but surged on home soil...all in all a $90 billion industry is seeing some softening but is projected to be $140 billion by 2025.
The wealthy will always be wealthy and that demographic has grown considerably the last few years in countries like China.