DAMASCUS — Louay al-Zahid, owner of Al-Malaka jewelry shops in the Syrian capital Damascus, told Al-Monitor that diamond price have fallen for a second week in a row in the Damascus markets, reaching 10% below the previous prices.
Zahid said that the drop in diamond prices has accompanied a drop in demand for gold. He said that his stores across the capital serve about 100 diamond buyers per day as the demand for diamonds in Damascus has increased dramatically.
