De Beers raised the prices of smaller diamonds

Increase FontSizeDecrease FontSize
21-Jun-2022

De Beers has raised the price of smaller diamonds as sanctions on its Russian rival creates a growing shortage of some stones. De Beers raised the prices of smaller stones by between 5% and 7% at its sale in Botswana, according to people familiar who asked not to be identified because the information is private. Even after the price rises, there is strong demand for the goods, the people said. De Beers produces relatively few of the type of diamonds Alrosa specializes in: the smaller and cheaper gems that are used in lower-end jewelry sold by Walmart Inc. or Costco Wholesale Corp. That’s creating increasing shortages as Alrosa’s ability to supply the market remains uncertain.

 

Post a comment

 

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Celebrity News

Florence Pugh shines in Bulgari at the 96th Academy Awards

Demi Moore wears Chopard to the 2024 Vanity Fair Oscar Party

Zendaya shines in Bulgari at the Dune: Part Two Red Carpet Premiere in New York

Calendar of Events

Exhibition & Events

JGTD announces new dates and new venue

Oroarezzo 2024: IEG extends the best made-in-Italy goldsmith manufacture platform, ready to also serve fashion

Middle Eastern Gems in the Swiss Alps

Our Group Websites

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player