Diamond slump will lift in due course - De Beers

Wednesday, May 01, 2019

De Beers, the world’s top diamond producer by value, expects the current global downturn in rough diamond sales to subside soon, a development that could be aided by the upcoming holiday season.

Traditionally, De Beers’ peak season each year runs around the Thanksgiving and Chinese New Year period, a stretch that also includes Christmas.

De Beers’ sightholders, the group of buyers with exclusive access to the diamond giant’s rough diamond auctions, traditionally increase their uptake to stock up polished jewellery for the holiday season.

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Diamond slump will lift in due course - De Beers

De Beers, the world’s top diamond producer by value, expects the current global downturn in rough diamond sales to subside soon, a development that could be aided by the upcoming holiday season.

The audacity to be a unicorn

Faulty gadgets top complaints to BOCRA

Civil Society fights 'flawed' constitutional amendment

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