VIP Diamond Buyers Resist De Beers Pricing That Boosted Profits

By May 13, 2015Uncategorized

Diamond buyers are leaving stones on the table, prompting De Beers, the world’s biggest producer, to back down on pricing.

After 30 percent of its rough diamonds went unsold at its March sale, the Anglo American Plc unit unexpectedly reduced prices by about 3 percent last week. In February, the company said it expected an increase this year.

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