Big names such as for instance De Beers are grappling with a downturn that is cyclical and a long-lasting challenge from synthetic diamonds. The market could be changed by it beyond recognition. Simon Wilson reports.
What’s took place?
The worldwide market in diamonds, worth $90bn per year, is slowing considerably, states De Beers, the company which includes dominated the business enterprise considering that the nineteenth century. De Beers, now 85%-owned by Anglo United states whilst the federal government of Botswana holds 15%, enjoyed a near monopoly on diamond production for a lot of the century that is 20th. Continue reading “Exactly about synthetic diamonds: a girl’s brand brand brand new companion”