DiamondBuzz
De Beers adjusts sight boxes, support for small diamonds
De Beers, has made important changes to how it packages and sells rough diamonds. These changes are designed to help deal with problems in the market for smaller diamonds.The company has moved 8-grainer diamonds (which weigh about 2 carats) from one group to another. Previously, these 2-carat diamonds were sold together with other diamonds weighing between 2 and 4 carats. Now, De Beers will sell these 2-carat stones alongside smaller diamonds that weigh between 1 and 1.5 carats.
This might seem like a small change, but it’s actually quite significant for the diamond industry. The way diamonds are grouped and sold affects their prices and who buys them.
Sight holders, believe De Beers made this change because smaller diamonds have been struggling in the market. When diamonds don’t sell well, it creates problems for everyone involved – from miners to jewelry stores.By moving the 2-carat diamonds into a different group, De Beers is trying to make these packages more attractive to buyers. This could help improve sales and support the overall market for smaller rough diamonds.
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