The world’s largest diamond mining company, the De Beers Group, has relaxed purchasing rules for sightholders in a move to address accumulating inventories.
The De Beers Group and the Botswana Government have reached an ‘agreement in principle’ for a new mining contract, bringing an end to months of tense negotiations.
The De Beers Group has published the results from its fifth sales cycle of the year, identifying a further decline amid weakened global demand for diamonds.