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      Sep 11, 2018· The unusual move (De Beers is known for requiring buyers to take what’s offered) says lots about the state of the low-end diamond market. The last time the company did something similar, in fact, was two years ago, when India’s move to ban high-value currency notes pushed down demand. Sales were down $134 million, or 21 percent compared to the same cycle in 2016, when De Beers

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      When many people think of diamonds, they think of sparkly gemstones used for engagement rings, but the truth is, only about 30% of diamonds are of “gem quality” and suitable for jewelry. The remaining 70% of mined diamonds, known as bort, are sold for industrial applications. Diamond is the

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