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De Beers extends sightholder contract by six months

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De Beers is giving its sightholders more breathing room, stretching the current supply agreement until June 30, 2026. The move, announced Friday, comes as the diamond industry weathers turbulence from shifting US tariffs and broader global uncertainty.

The extension delays De Beers’ plans to trim its sightholder roster from the present 69 and pushes back the rollout of its next supply framework. Customers will receive formal “extension letters” in Q4.

De Beers typically holds 10 sights annually in Gaborone, Botswana, where sightholders commit to buying set allocations of rough in exchange for reliable supply. For now, the miner is holding off major structural changes.

The extension also coincides with mounting interest from Botswana and Angola, both exploring stakes in De Beers — though the company cites only “external conditions” as the official reason for the pause.

There are approximately 53 international Sightholders currently buying rough diamonds from De Beers’ Global Sightholder Sales (GSS), plus 40 sightholders in Botswana and 14 in Namibia, but many companies are sightholders in multiple location. The likely total is around 60.

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DiamondBuzz

Big, Slightly Tinted Diamonds: Object Of Desire In The US Market

Buyers Of 2.5-Carat and Up Pieces Are Increasingly Choosing Stones With J Color Or Lower, Sometimes Much Lower On The Color Scale

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Big, slightly tinted diamonds are suddenly the object of desire in the US — and the industry is asking why.

Buyers of 2.5-carat and up pieces are increasingly choosing stones with J color or lower, sometimes much lower on the color scale, say retailers and traders. That shift signals more than a fashion tweak: it reflects how affluent shoppers now want their diamonds to read as “natural” at a glance.

 Lab-grown gems typically come in the brightest, clearest grades, so a warmly hued, imperfect-looking stone has become a visible badge of authenticity — a deliberate antique vibe in a polished world where synthetics dominate. No surprise: The Knot reports that 61% of U.S. couples now pick lab-grown rings.

A report explores who’s buying these larger, lower-color stones, how cultural moments and celebrities — think Taylor Swift — helped fuel the taste for them, and why antique cuts seem particularly suited to carrying color. The piece also ties this appetite to broader marketing narratives, including De Beers’ push for so-called “Desert diamonds.”

It’s not all doom and gloom for mined diamonds. Larger sizes — especially 2 carats and above and long fancy shapes — have held up better than smaller goods over the past year. The report isolates this rising niche and asks the key question: can these warm-toned showstoppers withstand the continued rise of lab-grown competition?

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JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

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