De Beers Cuts Prices At Sight By Close To 11%

De Beers Cuts Prices At Sight By Close To 11%

Bloomberg News reported earlier this week that the mining giant had cut prices by as much as 9%.

De Beers is slashing the prices of some goods at its latest sight, that runs from August 24 to 28, by as much as 10.7%, according to a report by Rapaport.

Bloomberg News reported earlier this week that the mining giant had cut prices by as much as 9%.

In addition to the price cuts, De Beers is permitting sightholders to defer pre-agreed purchase commitments in the face of weak demand globally for polished goods.