01 march 2021
21 december 2020 The diamond industry, which was hit hard at the first stage including due to transport restrictions, suddenly, looks like a beneficiary of the Covid-19 pandemic towards the end of the year. The lifting of strict quarantines triggered a ‘broken-down’ diamond trading mechanism, as the sightholders were able to fly to Antwerp or Moscow to view and buy their goods. At the same time, global travelling is at a very low level due to a sharp increase in the COVID-19 infections, and restaurants are closing or restricting attendance. In the run-up to the holidays, a significant portion of the funds that should have been spent on travelling or dining out may be spent to purchase diamond jewellery.
Namibia: De Beers Ends Year On a Good Note allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.
De Beers Sells $440m amid Positive Consumer Demand December 17, 20 by John Jeffay
(IDEX Online) - De Beers sold $440m of rough in December, indicating a sustained recovery in consumer demand.
It s the fourth consecutive month in which 2020 Sights have matched o
r surpassed their 2019 equivalents.
De Beers welcomed the steady demand for its goods, but cautioned that the ongoing pandemic still posed a threat.
The miner started offering discounts a
nd extra flexibility to Sight holders in August, but reportedly increased prices by two or three per at an extended Sight 10, the last of the year, which took place in Gabarone, Botswana, last week.
De Beers just sold diamonds worth 3% more than last year â after reportedly hiking prices Business Insider SA
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De Beers sold rough diamonds worth just about R6.5 billion in its final one-week sales cycle in 2020.
In dollar terms, that is 3.3% more than it booked in the same sales in 2019.
Diamond stocks were low after a near collapse in demand earlier this year, insiders say.
That, reportedly, meant De Beers could even hike prices again, if only slightly.
De Beers provisional sales for cycle 10, its last one-week window to buy rough diamonds in 2020, amounted to $440 million, parent company Anglo American announced on Thursday.