A seven to ten percent drop in Israel diamond exports in 1958-59 was forecast today by the Overseas Review published by Barclay’s Bank. The review estimated that Israel’s diamond exports would fall off by $3, 000, 000 due to a slump in the world demand for diamonds and to Israel’s disadvantage in the fierce international competition in the diamond industry because of its higher wage scales.
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The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.