De Beers CEO: Diamond Industry Malaise Will Pass

The current malaise in the diamond industry is serious, but it will pass, De Beers Group chief executive officer Bruce Cleaver told JCK following the release of the company’s financial results.

“I’m not going to pretend it’s easy, because it’s not right now,” Cleaver says. “The midstream is being buffeted by a series of things that is making it tough for them. There is an oversupply of polished in the midstream, less restocking.”

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