Covid-19 in India limited rough diamond sales, says De Beers
India, where the majority of diamonds are polished, is grappling with a the world’s most severe surge in infections
19 May 2021 - 11:47
World number one diamond producer by value, De Beers, says sales in its fourth cycle fell 15.5% as India, where the majority of stones are polished, grapples with a rampant Covid-19.
De Beers, which is 85% owned by global resources company Anglo American, said provisional sales for its fourth cycle had come in at $380m (R5.2bn), down from $450m in the third cycle...
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