De Beers warns of more diamond market ructions

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The world's largest source of diamonds by value sees sales drop by a fifth and flags more disruptions in India and Europe

The world’s largest source of diamonds by value sees sales drop by a fifth and flags more disruptions in India and EuropeWorld number one diamond producer by value, De Beers, reported a one fifth fall in the third sale of the year and warned that the Covid-19 pandemic is still creating difficulties for its markets.

De Beers, which is 85% owned by global resources company Anglo American, reported income of $440m for its third sales event of 2021, down from $550m in the second sale...A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

 

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