Diamond sales fall again in June
Wednesday, June 29, 2016
The sales figure, compared with a revised $636 million in the previous sight, represents a decline of 8.5 percent from $586 million revenue estimated by Rapaport News for the equivalent cycle last year.
“Sales in the fifth cycle of the year were somewhat lower than in the fourth cycle, in line with our expectations and typical seasonal demand patterns,” said Philippe Mellier, De Beers chief executive officer.
It is a clear signal that the government’s purse is empty and that our own behaviour has left veterinary officials fighting with one hand tied behind their backs. We have been here before. During COVID-19, many of us thought we knew better. We ignored simple rules, we carried on as if the danger was someone else’s problem, and the virus took lives and left our economy on its knees. We are still broke from that experience. Yet now, with FMD...