De Beers diamond sales sink again
De Beers’s diamond sales this year slumped by $1.4 billion, capping a torrid 12 months.
The Anglo American unit sold $425 million this month. That brought its total to $4 billion in 2019. An oversupply of rough diamonds, a surfeit of polished stones and falling prices have piled pressure on the companies that mine diamonds, as well as the businesses that cut, polish and trade them. – Bloomberg