De Beers Diamond Sales Fall 39% in a Year
- De Beers reported a 39% drop in its latest diamond sale
- The diamond miner has offered unusual flexibility to buyers
This article is for subscribers only.
The latest sales data from De Beers reinforces why this is one of the worst years for the diamond industry in a long time.
The Anglo American Plc subsidiary reported sales on Thursday that showed demand for rough diamonds is continuing to plunge as polishers and traders refuse to buy stones when they can’t make a profit.