• From tenderpreneurship to true entrepreneurshipJune 27, 2025
    BAKANG PHUTHEGO BUSINESS WITH BK RelatedPosts From tenderpreneurship to true entrepreneurship Digital Public Infrastructure as a Strategic Imperative Be a problem solver – Tips from tech-preneur Mothooagae   In the early years after independence, Botswana stood out as a… Read more: From tenderpreneurship to true entrepreneurship
  • Digital Public Infrastructure as a Strategic ImperativeJune 27, 2025
        RelatedPosts From tenderpreneurship to true entrepreneurship Digital Public Infrastructure as a Strategic Imperative Be a problem solver – Tips from tech-preneur Mothooagae Dr Dimakatso Polokelo  Digital public infrastructure (DPI) is emerging as a core component of socio-economic… Read more: Digital Public Infrastructure as a Strategic Imperative
  • ILLEGAL WILDLIFE TRADE RISINGJune 25, 2025
    SOLOMON TJINYEKA editors@thepatriot.co.bw RelatedPosts ILLEGAL WILDLIFE TRADE RISING Be a problem solver – Tips from tech-preneur Mothooagae UDC impress BagaMmangwato   Illegal wildlife trade is escalating in northern Botswana, specifically in the pristine Okavango Delta, following a gruesome discovery… Read more: ILLEGAL WILDLIFE TRADE RISING
  • Be a problem solver – Tips from tech-preneur MothooagaeJune 25, 2025
    STAFF WRITER editors@thepatriot.co.bw RelatedPosts From tenderpreneurship to true entrepreneurship Digital Public Infrastructure as a Strategic Imperative ILLEGAL WILDLIFE TRADE RISING Local techpreneur Ogone Mothooagae has urged upcoming entrepreneurs to focus on identifying a problem that urgently needs to be… Read more: Be a problem solver – Tips from tech-preneur Mothooagae
  • UDC impress BagaMmangwatoJune 24, 2025
    Kgosi Khama happy over regaining control of Serowe kgotla Bangwato curiously await BDP apology from Balopi BAKANG TIRO editors@thepatriot.co.bw RelatedPosts ILLEGAL WILDLIFE TRADE RISING Be a problem solver – Tips from tech-preneur Mothooagae UDC impress BagaMmangwato   Residents of… Read more: UDC impress BagaMmangwato
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
  • Login
  • Register
Saturday, June 28, 2025
17 °c
Gaborone
21 ° Tue
22 ° Wed
24 ° Thu
26 ° Fri
The Patriot On Sunday
Subscribe
Advertisement
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
No Result
View All Result
Cart / $0.00

No products in the cart.

  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
No Result
View All Result
The Patriot On Sunday
No Result
View All Result
Home Business

De Beers in biggest diamond prices increase

patriot by patriot
February 8, 2021
in Business
235
0
491
SHARES
1.4k
VIEWS
ShareShareShare

De Beers implemented its biggest price increase for diamonds in years as the industry starts bouncing back from the pandemic-induced shutdown.

The world’s biggest diamond producer raised prices by about 5% at its first sale of the year, according to people familiar with the situation who asked not to be identified because the information is private. The increases mostly applied to stones bigger than 1 carat, the people said.

The diamond industry has surprised many by the speed of its recovery after being brought to a complete standstill in the first half of last year. Crucial holiday sales in the U.S. and China were strong, while a shortage of stock held by industry middlemen created strong demand.

RelatedPosts

From tenderpreneurship to true entrepreneurship

Digital Public Infrastructure as a Strategic Imperative

Be a problem solver – Tips from tech-preneur Mothooagae

De Beers doesn’t publicize price changes, but it’s probably one of the steepest increases since the early part of last decade, the people said. A spokesman for De Beers declined to comment.

There were signs of recovery in the fourth quarter of 2020 as rough-diamond buyers started replenishing stocks to prepare for the industry’s most important selling period: Thanksgiving to the Chinese New Year. De Beers’s business started rebounding, and the Anglo American Plc unit was able to edge prices higher in the last sale of the year in December.

That’s in stark contrast to the industry’s fortunes at the early stages of the pandemic, when sales collapsed, and diamond retailers and factories closed. De Beers responded by curtailing production, leading to a tighter supply just as shoppers returned to stores in parts of China and the U.S.

Related

Tags: De Beersdiamond

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
Previous Post

INVITATION TO TENDER: Debswana Diamond Company (Pty) Ltd

Next Post

COVID VACCINE ON THE PIPELINE

Related Posts

From tenderpreneurship to true entrepreneurship
Business

From tenderpreneurship to true entrepreneurship

June 27, 2025
Digital Public Infrastructure as a Strategic Imperative
Business

Digital Public Infrastructure as a Strategic Imperative

June 27, 2025
Be a problem solver – Tips from tech-preneur Mothooagae
Business

Be a problem solver – Tips from tech-preneur Mothooagae

June 25, 2025
BoB warns banks
Business

BoB warns banks

June 23, 2025
BIHL blames Letshego for earnings decline
Business

BIHL blames Letshego for earnings decline

June 17, 2025
Redefining banking through innovation
Business

Redefining banking through innovation

June 16, 2025
Next Post
COVID VACCINE ON THE PIPELINE

COVID VACCINE ON THE PIPELINE

Please login to join discussion
  • From tenderpreneurship to true entrepreneurshipJune 27, 2025
    BAKANG PHUTHEGO BUSINESS WITH BK RelatedPosts From tenderpreneurship to true entrepreneurship Digital Public Infrastructure as a Strategic Imperative Be a problem solver – Tips from tech-preneur Mothooagae   In the early years after independence, Botswana stood out as a… Read more: From tenderpreneurship to true entrepreneurship
  • Digital Public Infrastructure as a Strategic ImperativeJune 27, 2025
        RelatedPosts From tenderpreneurship to true entrepreneurship Digital Public Infrastructure as a Strategic Imperative Be a problem solver – Tips from tech-preneur Mothooagae Dr Dimakatso Polokelo  Digital public infrastructure (DPI) is emerging as a core component of socio-economic… Read more: Digital Public Infrastructure as a Strategic Imperative
  • ILLEGAL WILDLIFE TRADE RISINGJune 25, 2025
    SOLOMON TJINYEKA editors@thepatriot.co.bw RelatedPosts ILLEGAL WILDLIFE TRADE RISING Be a problem solver – Tips from tech-preneur Mothooagae UDC impress BagaMmangwato   Illegal wildlife trade is escalating in northern Botswana, specifically in the pristine Okavango Delta, following a gruesome discovery… Read more: ILLEGAL WILDLIFE TRADE RISING
  • Be a problem solver – Tips from tech-preneur MothooagaeJune 25, 2025
    STAFF WRITER editors@thepatriot.co.bw RelatedPosts From tenderpreneurship to true entrepreneurship Digital Public Infrastructure as a Strategic Imperative ILLEGAL WILDLIFE TRADE RISING Local techpreneur Ogone Mothooagae has urged upcoming entrepreneurs to focus on identifying a problem that urgently needs to be… Read more: Be a problem solver – Tips from tech-preneur Mothooagae
  • UDC impress BagaMmangwatoJune 24, 2025
    Kgosi Khama happy over regaining control of Serowe kgotla Bangwato curiously await BDP apology from Balopi BAKANG TIRO editors@thepatriot.co.bw RelatedPosts ILLEGAL WILDLIFE TRADE RISING Be a problem solver – Tips from tech-preneur Mothooagae UDC impress BagaMmangwato   Residents of… Read more: UDC impress BagaMmangwato
The Patriot On Sunday

© 2024 Copyright The Patriot On Sunday - Inspired by Search Mart.

Navigate Site

  • About Us
  • Advertise
  • Disclaimer
  • Contact Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Login
  • Sign Up
  • Cart
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders

© 2024 Copyright The Patriot On Sunday - Inspired by Search Mart.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?