De Beers Loosens Buying Rules as Inventories Accumulate

NewsBrief   August 17, 2023   De Beers Loosens Buying Rules as Inventories Accumulate De Beers will allow sightholders to defer up to half of rough purchases to early next year amid sluggish consumer demand and high midstream stockpiles, market insiders told Rapaport News. Alrosa Sales Steady in First Results for over a Year Russian miner withholds key information about location of buyers.   Pandora Raises Full-Year Forecast Amid Strong Sales Update follows 5% revenue growth on organic basis in second quarter.   US Retail Sales Remain Resilient in July Revenue up 0.7% from June amid summer promotions. News Digest Miners in NWT Hunker Down as Emergency-Level Wildfires Approach Subscription Required (The Northern Miner)   Everledger Is Alive – and Working with Signet (JCK)   Watchmakers Say They're Going Green, but Is It Enough? (South China Morning Post) Events Rapaport Melee Auction August 15-23 New York & Dubai More Details   Rapaport Single Stone Auction August 23 – September 5 New York & Israel More Details   Rapaport Single Stone Auction September 12-26 New York & Israel More Details RapNet Diamond Index (RAPI™) Diamond Data Size Index Weekly Monthly Y2Y  0.30 ct 1515 -1.08% -2.69% -1.01%  0.50 ct 2214 -1.23% -5.24% -25.14%  1.00 ct 6588 -1.03% -3.34% -23.72%  3.00 ct 23004 -0.60% -1.65% -14.66% Rapaport Investment Grade Diamonds

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