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De Beers intends To Reduce Rough Diamond Prices At July Sight

De Beers Will Lower Official Book Prices To Match Current Market Levels

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De Beers intends to reduce official rough diamond prices or increase discounts at the July sight to better align with current market levels.

For months, De Beers has held its “book prices” strictly above actual market value to prevent flooding the supply chain with cheap gems during periods of weak demand. However, insiders report the company is ready to pivot and align its pricing with current market realities.

The miner’s book prices have been 20%-30% above market for smaller stones and 5%-15% higher for larger sizes, prompting the pricing adjustment.

Paul Rowley, De Beers’ Executive Vice President of Diamond Trading, recently met with major industry clients in Mumbai and Dubai to signal the change. Simultaneously, his team briefed traders in Antwerp, Belgium. According to industry insiders, De Beers is weighing three potential strategic moves for next week’s Sight in Gaborone, Botswana:

Direct Price Cuts: Lowering official book prices across the board to match current market levels (considered the most likely route).

Bespoke Discounts: Offering tailored, client-by-client discount packages.

The Hybrid Approach: A mix of both price reductions and targeted discounts.

While the market eagerly anticipates these cuts, De Beers’ leadership still needs the green light from its parent company, Anglo American, before finalizing the new pricing structure.

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DiamondBuzz

Akoirah By Augmont Celebrates The Sibling Bond With Laboratory-Grown Diamond Rakhis

Contemporary, Customisable Rakhis Blend Traditional Symbolism With Modern Fine Jewellery Sensibilities For A Meaningful Raksha Bandhan Gift.

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This Raksha Bandhan, Akoirah by Augmont brings a contemporary expression to one of India’s most cherished celebrations with its new collection of laboratory-grown diamond rakhis, combining traditional symbolism with modern jewellery design. Created for the evolving Indian consumer who seeks meaningful and distinctive festive gifting, the collection transforms the traditional rakhi into a keepsake that goes beyond the occasion with customisable designs available in options such as initials, zodiac signs, and other personalised motifs tailored to individual style and preference.

The collection features an assortment of handcrafted designs incorporating meaningful motifs such as the evil eye, Swastika and Ik Onkar, alongside personalised initial-led designs. Each motif brings its own symbolism, representing protection, prosperity, faith and personal connection while laboratory-grown diamonds add a refined, contemporary touch to the traditional expression of siblinghood.

Designed across earthy and versatile colour palettes, the rakhis pair beaded elements in shades of black, brown and blue with diamond-studded motifs. From the understated elegance of a diamond initial rakhi to statement-making designs featuring the evil eye and spiritual symbols, the collection offers options that cater to different personalities and styles.

With this collection, Akoirah by Augmont seeks to elevate festive gifting by bringing fine jewellery sensibilities into a traditionally rooted celebration. The rakhis are designed not merely as festive accessories, but as meaningful pieces that can be cherished beyond Raksha Bandhan, reflecting the brand’s approach to making jewellery more personal, contemporary and relevant to everyday occasions.

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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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