As the world economy slows, De Beers cancels its third sale
Diamond miners are under pressure from the Covid-19 pandemic, which is curtailing sales, hammering revenue and forcing change
30 March 2020 - 12:15
Diamond companies around the world are being forced to change the way in which they do business as the global Covid-19 pandemic cripples sales, drying up revenue and forcing miners to find new ways to sell diamonds.
With the global pandemic forcing lockdowns, where people are forced to stay at home, the sale of luxury items such as diamond jewellery has slowed...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.