De Beers slashed production in the third quarter and is considering further cuts. It’s also planning to reduce the number of sightholders from 2026. These concerning developments come ahead of the important US holiday season. Rapaport Senior Analyst Joshua Freedman reports on the latest news.
De Beers Sends the Market Negative Signs
More Stories

US Holiday-Spending Growth to Outpace Last Year’s – Bain
Consumer outlay is likely to rise 4.5%, a slightly higher increase than in previous seasons.

London Diamond Bourse Touts ‘Synthetic Diamond’ Terminology
Exchange encourages UK trade to use term for grown stones, saying it is more accurate and internationally accepted.

Ruby and Diamond Earrings to Headline Sotheby’s Hong Kong Auction
Lot will be on offer for $2.6 million at High Jewelry sale.
