De Beers Cuts Diamond Prices For The First Time in Over a Year

De Beers cut its official diamond prices for the first time in more than a year, according to people familiar with the matter, ending its attempts to support the market...

By Thomas Biesheuvel · Bloomberg Markets

De Beers cut its official diamond prices for the first time in more than a year, according to people familiar with the matter, ending its attempts to support the market in the face of slumping demand.