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De Beers reduces prices on weak demand

De Beers has reduced prices of larger rough diamonds at this week’s sight and offered increased flexibility as the slow market continues to affect manufacturers.

The miner decreased prices for many 2-carat categories and larger, as well as for some 1- to 1.5-carat items.The declines ranged from 5% to 10% and focused on the lower-quality items that have suffered most in the recent downturn.

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