De Beers Slashes Diamond Prices Amid Shrinking Buyers Club The diamond market has been plagued by fluctuating demand and an oversupply of gems, forcing De Beers to make drastic changes to its pricing strategy.
According to recent reports, the company is cutting its diamond prices deep, a move that will have far reaching implications for both consumers and competitors.
Understanding the Diamond Market Shift The current state of the diamond market can be attributed to several factors.