De Beers Makes Deep Diamond Price Cuts for Shrinking Buyers Club
AI Summary
De Beers has significantly cut its official diamond prices, potentially ending its long-term strategy to keep prices above market levels. This move signals shifts in the global diamond market amid changing buyer dynamics.
De Beers has made some of the deepest ever cuts to its official diamond prices, potentially signaling an end to its years-long campaign to hold them well above the market rate.