(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.
De Beers’s diamond sales plunged to the lowest since 2017 in the company’s latest offering, underlining a slump in the industry worldwide.
Sales by the Anglo American Plc unit dropped 25% from a year ago to $415 million, and were down 29% from an offering last month. It’s often a quieter time of the year because the industry has already restocked after the key holiday period, but total sales so far in 2019 are still much weaker than in previous years. Continue Reading →