Botswana, Sunday Standard, Inglês

Sunday Standard

De Beers battles on as diamond slump deepens

The global diamond industry remains under severe pressure, with De Beers reporting another difficult six months as weak rough diamond demand, lower prices and intensifying competition from laboratory-grown stones continued to weigh on the world’s largest diamond producer. Yet, even as earnings remained in the red, the company struck a cautiously optimistic tone, pointing to the first signs that years of market disruption may finally be beginning to ease.

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The post De Beers battles on as diamond slump deepens first appeared on Sunday Standard and is written by Cedric Swanka

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