De Beers CEO Forecasts Natural Diamond Market Recovery in Late 2024
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De Beers' CEO forecasts that the natural diamond market will experience a gradual recovery starting in late 2024, driven by stabilizing prices and rebounding economic trends, especially in China. The market has faced challenges with declining production and geopolitical tensions, yet demand is expected to rise with increased disposable incomes in Asia. Despite the competition from lab-grown diamonds, which claim significant market share, strategic shifts in production and marketing efforts help maintain the appeal of natural stones. De Beers aims to adapt by projecting stable production levels. To fully…
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