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As economy loses lustre, Japanese swap gems for yen

Exports of used diamonds are up 77 per cent this year, according to Ministry of Finance data

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The appeal of gem-encrusted rings and earrings that were part of the luxury fashions of the 1980s and 1990s has faded as Japan's population ages and the economy flags.

New York

DIAMONDS are not necessarily forever. At least not in Japan, where jewellery owners are unloading unwanted jewels for cash at a record pace and shipping them off to buyers in China and India.

The appeal of gem-encrusted rings and earrings that were part of the luxury

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