(Bloomberg) - De Beers cut diamond prices further in its first sale of the year as the biggest producer struggles to counter slowing demand, according to three people familiar with the process. The unit of Anglo American Plc reduced prices as much as 7 percent, said the people, who asked not to be identified as the information is private. De Beers plans to offer about $450 million of diamonds for sale, one said. A company spokesman declined to comment.
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