HomeNewsBusinessMarketsDe Beers diamond inventory grows to $2 billion amid weak Chinese demand, lab-grown competition - report

De Beers diamond inventory grows to $2 billion amid weak Chinese demand, lab-grown competition - report

De Beers largest diamond stockpile since 2008 shows challenges from weak Chinese demand and growing lab-grown diamond competition. The company is cutting supply and ramping up marketing ahead of a planned spin-off by parent Anglo American.

Slow Diamond Demand Leads to Higher Stockpile at De Beers

De Beers has cut production by about 20 percent compared to last year and reduced prices at recent auctions, reported FT.

Moneycontrol News

first published: Dec 26, 2024 11:19 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Download MC Apps:

Copyright © Network18 Media & Investments Limited. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.

English

Markets

News

Personal Finance

Mutual Funds

Commodities

Media

Invest Now

Specials

De Beers diamond inventory grows to $2 billion amid weak Chinese demand, lab-grown competition - report

De Beers largest diamond stockpile since 2008 shows challenges from weak Chinese demand and growing lab-grown diamond competition. The company is cutting supply and ramping up marketing ahead of a planned spin-off by parent Anglo American.

News

Features

Tools

Specials

Network 18 Sites

Personal Finance

Quick Links