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Latest update : 2015-05-01

Demand for diamonds 'softening': De Beers CEO Mellier

For the past few months, the diamond market has been less than sparkling, forcing mining giant Anglo American, which owns De Beers, to scale down its production targets. However, De Beers CEO Philippe Mellier is not worried. "It is softening a little bit", he tells FRANCE 24's Markus Karlsson, but "the demand is still there and not every industry can say the same thing".

The biggest challenge facing the diamond industry is not a short-term and minor decrease of the demand, but the dwindling of rough diamond supply in the near future. "No new average or big mines have been discovered in the last 15 years at least", he explains. "We know that after 2019, the supply of rough diamonds is going to slowly come down and we have to prepare the future".

By Markus KARLSSON

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Archives

2015-05-14 European Union

Will the UK stay in the EU?

The British election wasn't the nail-biter many had expected. The Conservative party won a majority in the House of Commons, which means they will be able to govern on their own....

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2015-05-07 eurozone

Eurozone: Is low growth the new norm?

The European recovery is picking up pace. New figures from the European Commission this week suggest that growth in the eurozone will be stronger than first thought, on the back...

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2015-04-23 Economic growth

Akinwumi Adesina: 'Real challenge' for African economies is obtaining 'inclusive growth'

Akinwumi Adesina is the outgoing agriculture minister of Nigeria, Africa's largest economy. He is also a candidate to become the next president of the African Development Bank....

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2015-04-16 French economy

'Liberalism is a French tradition', says France's most liberal man

Liberalism is a somewhat dirty word in France. It's often associated with capitalism and the "laissez-faire" of market deregulation that led to the financial crisis. Gaspard...

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