Forevermark’s Lussier Sees “No Immediate Crunch” in Diamond Supply

In an interview with The Economic Times, Stephen Lussier, CEO of Forevermark, a De Beers brand, told the news outlet that while diamonds are becoming rarer each day, “there is no immediate crunch in terms of supply.”

As quoted in the interview:

Our (De Beers) existing mines have the bandwidth to supply diamonds till 2040. While no new big mines have been discovered, exploration is on. We will also focus on increasing the productivity of existing mines through advanced research and techniques.

Click here to read the full report from The Economic Times.