De Beers secretly sells discounted diamonds to selected traders

  • Posted on May 13, 2025
  • By Business News Today
  • 2 Views
De Beers secretly sells discounted diamonds to selected traders

De Beers is facing industry challenges. The company is selling rough diamonds at lower prices to select buyers. This move aims to reduce inventory. However, it creates tension among other customers. Anglo American pressures De Beers to boost sales. The diamond market shows signs of stabilization. US tariffs pose new threats. The industry is lobbying for exemptions.
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