Show doing ip new york sun diamond dealers in maiden lane and john street are watching every movement oi the market with sharp eyes their wares have been advancing steadily in value for four months past and prices show no signs of any falling off on the contrary said a well know maiden lane importer who has just returned from europe yesterday 1 I found the london market very stiff and in tone As is generally known the output of the african diamond mines is controlled by what is known as the amalgamation which is a sort of diamond trust and three london firms jules bonato brothers and julius kohn handle the greater portion of the und ent diamonds that come to that market they have restricted the output to suit themselves and as a consequence many of the amsterdam cutters and polishers are running with reduced forces while some of the smaller shops have closed up altogether the markets firmness may be judged by an incident which oc cured in london just before I 1 sailed i I 1 was in the office of a largo diamond firm trying to get some stones suitable for my trade when an outsider that is a man not in the trade came in and purchased a parcel of medium stones weighing from one to three barats carats nd valued at or for which he paid cash down he had the stones wrapped up and put them back in the firms safe to await a rise in the market I 1 also know of many american dealers who went over to buy from to worth of stock who have returned with one half the atones they intended to purchase and some came back with even less than half diamonds are as a from 20 to 25 per cent higher today to day than they were four months ago when the market first began to feel the manipulation of the diamond trust the trust is evidently a success and if diamonds keep on going up engaged may have to be content with other gems |