Diamond producer De Beers reportedly slashed prices
2024-12-03 09:10:47
Diamond producer De Beers has cut prices for most of its goods by 10% to 15%, according to people familiar with the matter. This is the first significant price cut since the beginning of the year, and the magnitude is rare in history. Its owner Anglo American is seeking to exit the business after fending off a $49 billion takeover by BHP Group earlier this year. People familiar with the matter said that even after the significant price cuts, De Beers' diamonds are still more expensive than the current price in the secondary market. (Interface)
Email Subscription
Newsletters and emails are now available! Delivered on time, every weekday, to keep you up
to date with North American business news.
Weekly Highlights