De Beers di­a­mond sales sink again

The Citizen (KZN) - - Business -

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

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.