• Bold pitch for BETPAugust 26, 2025
    Out with modesty; in with frankness – no ego nursing. Naledi Madala is spelling it out without holding back.  She behoves the nation to have a hard look in the mirror and acknowledge the wrong turns the country has… Read more: Bold pitch for BETP
  • The P162 billion windfallAugust 26, 2025
    The P162 billion windfall Unprecedented Qatar’s investment lifts economic mood RelatedPosts Bold pitch for BETP The P162 billion windfall Joint news conference by the President of Russia and the President of the United States   Amount four times Botswana’s foreign reserves at P44 billion Almost double… Read more: The P162 billion windfall
  • CHOPPIES VACANCY – ASIAN CHEFAugust 20, 2025
    ASIAN CHEF Description: RelatedPosts CHOPPIES VACANCY – ASIAN CHEF BDC VACANCY- FACILITY OFFICER & BUILDING SUPERVISOR Bank of Baroda- Recruitment We are seeking an experienced Asian Chef with expertise in Chinese, Indian, and fusion cuisine. The ideal candidate will… Read more: CHOPPIES VACANCY – ASIAN CHEF
  • BDC VACANCY- FACILITY OFFICER & BUILDING SUPERVISORAugust 20, 2025
    Botswana Development Corporation is looking for dynamic, zealous, and qualified individuals to submit application for the following positions. FACILITIES OFFICER RelatedPosts CHOPPIES VACANCY – ASIAN CHEF BDC VACANCY- FACILITY OFFICER & BUILDING SUPERVISOR Bank of Baroda- Recruitment Reporting to… Read more: BDC VACANCY- FACILITY OFFICER & BUILDING SUPERVISOR
  • Joint news conference by the President of Russia and the President of the United StatesAugust 20, 2025
    RelatedPosts The P162 billion windfall Joint news conference by the President of Russia and the President of the United States Gaborone poised for economic transformation
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
  • Login
  • Register
Tuesday, August 26, 2025
17 °c
Gaborone
21 ° Tue
22 ° Wed
24 ° Thu
26 ° Fri
The Patriot On Sunday
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

Botswana Mining Show coming 

StanChart upbeat on CIB transition

BOSETU disburses P2 million bursaries

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

Botswana Mining Show coming 
Business

Botswana Mining Show coming 

August 20, 2025
StanChart upbeat on CIB transition
Business

StanChart upbeat on CIB transition

August 19, 2025
BOSETU disburses P2 million bursaries
Business

BOSETU disburses P2 million bursaries

August 15, 2025
Letshego’snet advances hit P14 billion
Business

Letshego’snet advances hit P14 billion

August 13, 2025
Sefalana rakes in P11.2 billion
Business

Sefalana rakes in P11.2 billion

August 4, 2025
REVITALISING OODI WEAVERS
Business

REVITALISING OODI WEAVERS

July 29, 2025
Next Post
COVID VACCINE ON THE PIPELINE

COVID VACCINE ON THE PIPELINE

Please login to join discussion
  • Bold pitch for BETPAugust 26, 2025
    Out with modesty; in with frankness – no ego nursing. Naledi Madala is spelling it out without holding back.  She behoves the nation to have a hard look in the mirror and acknowledge the wrong turns the country has… Read more: Bold pitch for BETP
  • The P162 billion windfallAugust 26, 2025
    The P162 billion windfall Unprecedented Qatar’s investment lifts economic mood RelatedPosts Bold pitch for BETP The P162 billion windfall Joint news conference by the President of Russia and the President of the United States   Amount four times Botswana’s foreign reserves at P44 billion Almost double… Read more: The P162 billion windfall
  • CHOPPIES VACANCY – ASIAN CHEFAugust 20, 2025
    ASIAN CHEF Description: RelatedPosts CHOPPIES VACANCY – ASIAN CHEF BDC VACANCY- FACILITY OFFICER & BUILDING SUPERVISOR Bank of Baroda- Recruitment We are seeking an experienced Asian Chef with expertise in Chinese, Indian, and fusion cuisine. The ideal candidate will… Read more: CHOPPIES VACANCY – ASIAN CHEF
  • BDC VACANCY- FACILITY OFFICER & BUILDING SUPERVISORAugust 20, 2025
    Botswana Development Corporation is looking for dynamic, zealous, and qualified individuals to submit application for the following positions. FACILITIES OFFICER RelatedPosts CHOPPIES VACANCY – ASIAN CHEF BDC VACANCY- FACILITY OFFICER & BUILDING SUPERVISOR Bank of Baroda- Recruitment Reporting to… Read more: BDC VACANCY- FACILITY OFFICER & BUILDING SUPERVISOR
  • Joint news conference by the President of Russia and the President of the United StatesAugust 20, 2025
    RelatedPosts The P162 billion windfall Joint news conference by the President of Russia and the President of the United States Gaborone poised for economic transformation
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?