De Beers Rough Prices Decline 5% in 2019

RAPAPORT... A drop in rough-diamond prices and a sales shift tolower-value items weighed on De Beers’ profitability in the second half,according to executives at parent company Anglo American.

The miner’s rough-price index dropped around 5% year onyear for the first nine sights of 2019 amid a market slowdown, Anglo CEO MarkCutifani noted in a call with investors last week. Combine...