De Beers suspends online auctions as sales sink deeper
Friday, October 13, 2023 | 520 Views |
![Tricky times: Diamonds prices and sales are down by double digits this year PIC: AFRICANIAN.COM](https://cdn4.premiumread.com/?url=https://www.mmegi.bw/mmegi/uploads/images/2023/10/13/89329.jpg&w=800&q=72&f=jpg&t=1)
Tricky times: Diamonds prices and sales are down by double digits this year PIC: AFRICANIAN.COM
De Beers sells 90% of its production by value to an exclusive list of contract buyers known as sightholders, who are offered stones at 10 sales events or 'sights' held in Gaborone each year.
The balance is sold via auction to more than 900 registered buyers.
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