Eyes on diamond talks as Vegas show kicks off

Friday, June 02, 2023 | 460 Views |

Shiny showcase: The JCK Show is the diamond world’s biggest trade event PIC: JCKONLINE.COM

LAS VEGAS: The diamond industry's foremost trade show kicked off here on Friday, amidst rising debate as to whether and how its most valuable and longest covenant will be renewed before the end of the month.

Both De Beers and government, whose five-year-long talks for a new sales agreement are set to elapse on June 30, have sent high-powered delegations to the US desert city.

Since the current agreement elapsed in September 2020, both sides have agreed on temporary extensions and technically, could decide to postpone the June 30 deadline.

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