De Beers Says Diamond Down 30 Percent, Demand Up 30 Percent

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.

Click here to read the full Mining Weekly report.