Tough market softens up De Beers

According to industry circles, De Beers has recently allowed sightholders to return around a fifth or more of what they purchased across certain categories at its ‘sight’ (as the ritual is called), besides cutting prices of the roughs by 5% on average, to support them amid a crisis in India’s midstream, or diamond polishing, industry.

from Fashion / Cosmetics / Jewellery-Cons. Products-Industry-Economic Times https://ift.tt/2NxRdW6