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De Beers Says Diamond Down 30 Percent, Demand Up 30 Percent
Aug. 15, 2012 03:04PM PST
Gem Investing
Mining Weekly reported diamond supply has fallen nearly 30% since 2007 and demand has risen by the same percentage in that same five-year period, says De Beers CEO Philippe Mellier.
Mining Weekly reported diamond supply has fallen nearly 30% since 2007 and demand has risen by the same percentage in that same five-year period, says De Beers CEO Philippe Mellier.
As quoted in the market news:
Mellier – who addressed a media conference to mark the initial step of moving global diamond sales from London to Gaborone by the end of 2013 – tells Mining Weekly Onlinethat the widening demand-supply gap augurs well for the diamond industry in general and Botswana in particular.