'Anglo American said the #diamond market was suffering from a price rout caused by excess piles of inventory, something that De Beers has previously acknowledged is partly down to lab-grown diamonds cannibalising demand for mined stones.'🤔 #competition #sanctions #compliance

' #Diamond producers incl De Beers’ arch-rival, #Russia ’s Alrosa, tried to curb the flow of gemstones into the market in the 2nd half of last year. The #Indian gov't... put on a voluntary #import moratorium on rough stones in the final quarter to protect its polishers & cutters.'