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De Beers cancels third rough diamond sales cycle

30th March 2020

By: Simone Liedtke

Creamer Media Social Media Editor & Senior Writer

     

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Owing to public health restrictions on the movement of people and products in Botswana, South Africa and India, diamond miner De Beers will not hold its third rough diamond sales cycle of this year.

As a result, De Beers is enabling sightholders to defer 100% of their Sight 3 allocations to later in the year.

The miner intends to “seek innovative ways” to meet rough diamond supply needs in the coming weeks.

De Beers usually has ten sales cycles a year.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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