Image credit: Gerd Altmann (Pixabay)
(investorschronicle.co.uk) - The diamond industry was optimistic at the start of 2020. After a tough 2019, where diamond prices hit multi-year lows and jewellery demand was lower thanks to the Hong Kong protests and general macroeconomic uncertainty, Anglo American (AAL) subsidiary De Beers had reported a year-on-year increase at its first sale of the year, which they call a sight. Now, mine closures threaten smaller diamond and precious stone miners, while the cut in supply might not be enough to make up for the fall in demand from Covid-19.
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14 october 2026
