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Show DIAMOND PRICES DUETfl GO UP Merchant Reports European Market at Low Ebb M:W YORK. June 21 Diamond puces n the Cnlted Ktatca will acore an advance of S3 1-S per cent before th elost of the year, according to the pretll.tiun of IteUhiimn. diamond A ineri-hant. who has returned from a mon'hs' buying trip in Amsier-!am. Amsier-!am. Airiwrp and Undnn. Olamond prices in America," said Mr. Kelchman. "are lower tiian replace re-place merit prices In Kuropean niar-k niar-k I This means that American diamond dia-mond merchant a cannot replace their Mocks from European aourcca at present pres-ent pricta. There are several reasons for this . lust Ion. 'Distressed gootis.' t hone diamonds that have carried losses to piudiaers, cutters, polishers, or mcr- hants. ara well absorbed and Amerl- ;m nuyera find llttU of these stocka :n the market. Thla applies to o.ld Nils com log Into Antwerp and Amsterdam Am-sterdam from all over the world and rhperliilty to stolen and confiscated diamonds from Kueala. 'Then, too. the Ixmdon diamond syn-dlcate syn-dlcate has control of ." per cent of the South African output and. Is holding hold-ing price high In an effort to stabilize tits industry. "Hut there Is a buyers' strike on Foreign markets im swarming with buyers who don't buy. American buyers buy-ers In Kurope have a certain margin on which to buy raw materials, which includes losses In cutting, polishing and expenses. When thewe buyers find the endicate'a prlc above prevailing pi ices In the Amrl'in retail market, if is am a 11 wonder they make few puri-haaes-" Mr. Kebhnian said the European diamond dia-mond cutting Industry had umlere.oi m tremendous slump in the Inst year. Amnlcrriam and Antwerp cutting ln-ilu ln-ilu tries, tie declared, were running at only 1ft to 12 per cent of normal, taking tak-ing 1913 aa a prewar baala. |