De Beers is sitting on a $2 billion pile of diamonds as demand slumps — ‘It’s been a bad year’

Quick Summary:

The diamond giant's $2 billion in inventory is the most since the 2008 financial crash, according to the Financial Times.

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Article Details

Author / Journalist: Jason Ma

Category: EconomyBusiness

Markets: United States

Topics: De Beers Diamonds Luxury

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-28 @ 20:34:29 (1 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 21 words

Reading Time: 1 minutes read

Sentences: 4 lines

Sentence Length: 6 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 24716795

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Official Website: fortune.com

Update Frequency: 11 posts per day

Year Established: 1929

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

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Publisher ID: #95

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