15 Percent of Goods Left Behind at De Beers Sight

In its weekly report, Rapaport said that attendees of De Beers’ October sight were frustrated due to a lack of “profitability or liquidity in the rough market.” About 15 percent of goods, worth $86 million, were left on the table.

As quoted in the market news:

‘People are still frustrated,’ an Antwerp-based sightholder told Rapaport News. ‘There’s no liquidity in the market and there’s no profit margin in dealing or manufacturing De Beers rough at the moment.’

Click here to read the full Rapaport report.