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Holiday Shopping
New York, 11 December 2014 - Yes, all those cliches about wanting "Santa Baby" to bring you a ring (or other bling) are backed up by the data. Americans spend over $6 billion on jewelery in the final month of the year.
There's something about Hanukkah and Christmas that necessitates jewels, even more so than Valentine's Day or summer wedding season.
"These are the two most important weeks of the year for jewelers. This is it," says Martin Rapaport, chair of the Rapaport Group. He's worked in the diamond industry since the 1970s.
More at: http://money.cnn.com/2014/12/11/investing/diamond-buying-december/index.html
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