Show m. m U S. S DIAMOND f IMPORTS ARE FAST GROWING American t merican Demand Denland D errand Increases Despite Rapid Rise Ilse in i in ii I Cost of Stones N ear l 1 8 Is fork Tork Jan n n. n 17 The The Thc United des oa market th the e Worlds World's r ds greatest diamond or It is Ie bu buying diamonds mons aa as will 11 2 ImP Importations during ale Iee lle ee e w Tin In nt to lo twice as lS much In Ini i t t tlc tot 5 any tny preceding preceding- p 3 year car Statis- Statis got t i Kew e. e y York i ll i h by the c National City Bank C show Sow that tho tiro r ends in i value alue of ot ant and Darted td in I l other othor Or Precious stones Ima Im- Im l 19 19 10 l a m wilt will the thein eX exceed od 1 in hi former ri r high record of 3 36 G GL 1 tHe 11 1 The rhe a great root bull hull o of oC these s has ha w been Or diamonds a l r gato value of ot all rd td mn in this diamonds t rl s CUrrent currenT p u I county tr estimated at url N at I IS n over a bill billion on 0 present prices 1 It t i IB 18 s over o T The ya he banks statement o ot t orbs lr Ir tho Ie least halt ot of all th the tho dla- dla World arc owned in fn this Experts Dint Md and disagree on this third many catin rate rato that not more marc e t r are owned ned trey here bere 1 a abo Th nd e h and b.- b. y counts y y put purchases is 18 theses of oC f diamonds In 3 Interpreted T To ln in o several ib be ez J. a Fome they Indicate a spirit n r Tt do denote among the People Tobe To note n. n prevailing idea a rt t i. i l 1 vest meat arc a a. safe and P rma- rma e r tI their That dl diamonds i. i ds should c When en the t 13 arc more before o In history Jr e t a dote would Beom domination I ot of tho hO pep fie Of tic t masses by c bolo olo some somo sort or of I freak to A Ul that bolst er the tho t the ty bolo old world A m ad has gone gang gonea ec cc nt dubious cable c gran I f South Africa brought t that th o es to Min Min- African can Malin the output ou t or of the tho mines mince tinder n l r henceforth Is to Control This presumably further co control Tho die die- t I eta to that a a Loudon London be bo syn- syn k the 1 k the bt Worlds sole channel cl through can obtain stones Unless this means a new syn syn- a n dicato is to be organized there Is nothing nothIng noth noth- ing new lOW in It It The Thc London syndicate of the DC De nears Doors company has Jar for years cars been the thc solo agency through which South African diamonds s passed into then tho the n world fl markets Soles Ah Agreement e ment Un Under Cr the thc new v arrangement the thc of or diamonds diamond to bo ho 1 0 supplied will l h he on actual sales salea of or tho the three preceding months and tho tile basic price is ii la Is to ho fixed every three months rho Tho De DC Beers company compan will furnish 51 per pcr percent percent cent of or the diamonds lamonds the tho Premier mine IS 18 per pcr cent the tho mine 10 I I Iper per cent and tho the Southwest Protector ate atu 21 1 l por per cent Despite the ne new t system of ot tion it i is hs believed th the price Ice of or diamonds will continuo continue to Use rise The rhe South African African can mines are aro fur far from exhausted but as 11 is tho the shafts go 0 deeper Into trio tho earth and tho expense of ot mining mining- Is In Increased the output per PCr ton of or dirt has fallen aWay avay below what It formerly wn wn Statements have been made mode that it will require several years for Cor the mines to recover er from tho ho effects of or the thc war 1 This Is la misleading There seems no- no prospect that tho tiro output of ot tho mines ever cr will be again as as great reat as it ft once was Apparently tho the discovery of 01 new I will iii be the only thinG that ever relieve c the tho world shortage o or rethe re- re duco n the price of ot diamonds |