Program aims to educate young consumers about mined stones’ positive qualities.
Like-for-like prices were 16% to 18% lower than at previous sale.
Revenue in latest cycle falls 61% year on year.
Voluntary freeze will rebalance inventory and support prices, writes global director Dinesh Lakhani.
Weak retail sales have led to inventory imbalance.
Slowdown in demand also impacted average price, according to miner.
Overall prices down 4.3% on like-for-like basis at first sale of fiscal year.
Lower average price and faltering demand lead to 28% drop.
Russian miner withholds key information about location of buyers.
1ct. RAPI down 2.7% in July.
Midstream is being cautious about buying, says CEO.