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Wealthy Chinese heading abroad to buy diamonds without scrutiny

2015-05-29 10:12:51| Jewelry - Topix.net

Tiffany & Co said it continued to experience softness in Hong Kong and Macau as it believed some Chinese tourists had been travelling to and shopping in other regions. Wealthy Chinese who made their country into the world's second-biggest market for diamonds are now increasingly travelling abroad to buy the stones, at a time when ostentatious purchases are frowned upon at home.

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