Yet another sign of global recession and general belt tightening...
Things are tough all over.
http://www.reuters.com/article/oddlyEnoughNews/idUSL1581582720080416
"Global auction house Sotheby's failed to hammer off a 72.22-carat, "D" flawless white diamond at its Asian sales last week in a possible sign of weakness in the global diamond trade.
"The large diamond which had a pre-sale estimate of $10-12 million, attracted a final bid of HK$73 million ($9.24million) that fell short of the reserve price and went unsold, said Sotheby's press officer Rhonda Yung."
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