(Rapaport) - The diamond mining sector is under pressure with production rising to peak levels at a time when rough sales are slumping and polished demand is sluggish. The major miners are holding above-average inventory that they have pledged to release slowly in an attempt to avoid over-supply to a market struggling in the face of its current downturn. If there is one thing the industry needs right now, it is a measured approach in the release of rough supply – at prices that reflect polished demand – to ensure stability and profitability for manufacturers and rough dealers.
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Today
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