De Beers Makes Sweeping Cuts to Its Elite Diamond-Buying Club

De Beers executed one of the deepest-ever cuts to its group of handpicked diamond buyers (sightholders) as it confronts a prolonged crisis in the diamond industry. The reduction tightens access to rough supply for midstream and smaller cutters, signaling weaker demand and potential pressure on prices, liquidity and distribution across the sector.

Analysis

De Beers executed one of the deepest-ever cuts to its group of handpicked diamond buyers (sightholders) as it confronts a prolonged crisis in the diamond industry. The reduction tightens access to rough supply for midstream and smaller cutters, signaling weaker demand and potential pressure on prices, liquidity and distribution across the sector.