India slowdown cramps De Beers sales
Monday, May 27, 2024 | 470 Views |
This was revealed in the latest sales report by De Beers in which the diamond miner projects that provisional fourth quarter sales will reach $380 million (P5.17 billion), which is a fall from last year’s Q4 sales of $479 million.
Al Cook, CEO for the group whose parent Anglo American is a subject of unsolicited takeover bid from rival BHP, said Friday the slowdown is part of a projected downward motion for the diamond market pushed by market pressures and a slowing down of the Indian economy due to elections.
The BDP as a party known to have ample resources has always held its primaries well in time, but this time around that was not the case. The first leg of the primaries was held last weekend, with the final leg being billed for the coming weekend. This time around, the BDP failed to shine in its primary elections. The elections were chaotic; most if not all polling stations didn't open at the specified time of 6am. Loyal BDP members braved the...