De Beers Reduces Prices By Eight Percent

Diamonds.net reported De Beers has reduced prices by an estimated average of 8 percent at its Diamond Trading ‎Company sight this week.

As quoted in the market news:

The sight had an estimated value of about $580 million and ‎no goods were left on the table. ‎

Sightholders noted that the price adjustments were implemented across the board with ‎larger declines of up to 17 percent for better-quality goods, while the drop was more ‎conservative for pique commercial-quality stones.‎

Click here to read the full Diamonds.net report.