De Beers has stripped around 10 sightholders of their rough-diamond allocations for 2025 and is planning to offer fewer goods overall market insiders told Rapaport News on Sunday. Some market observers see the trimming of active customers as a step toward a reduction in the official number of sightholders — a plan that CEO Al Cook discussed last month at the Facets 2024 conference in Antwerp.
Those companies will retain their sightholder status, but the miner will not give them a consistent allotment of supply because they did not buy enough in 2024, the sources said. Several of them are in mining countries such as Botswana, where rough purchases and polished production have slumped this year, they added.
The total value of allocations next year will be 20% to 30% lower than this year, according to the sources’ estimates, reflecting a drop in production volume as well as a weakening of prices. The decline in volume will likely be gentler than this.
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