Industry confirms disastrous six months
De Beers Group have confirmed what everyone feared: the diamond industry has suffered a disastrous first half of the year.
With Covid-19 bringing the world to a standstill for much of 2020, De Beers have been hit hard.
The mining giant’s total revenue for the opening six months of the year dropped by a staggering 54 percent to US$1.2 billion.
In that time, the company registered $1 billion in rough diamond sales compared to $2.3 billion in the same period last year.
Additionally, the pandemic has led to a drastic decrease in average diamo...
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