De Beers’s sales down $1bn so far in 2019
The company is battling a weak global diamond market, with its seventh sale of the year one of the lowest in at least three years.
28 August 2019 - 09:38
De Beers’s rough diamond sales so far this year are more than $1bn below the same period in 2018, showing ongoing weakness in the global diamond market.
De Beers, which is 85% owned by diversified miner Anglo American, reported sales of $280m for August, which is the seventh of the company’s 10 annual sales events. De Beers is the world’s largest producer of rough diamonds by value. Russia’s Alrosa is the largest source of diamonds measured by carats...
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