De Beers CFO Says Demand Pick-Up Seen

Finance and Trade
30/11/2015 12:59

In an interview with India's Business Standard, Gareth Mostyn says the past few quarters have been tough with demand growth slowing, the strength of the U.S. dollar hitting the market and many cutting and polishing centers facing a cash flow squeeze. However, the miner has responded by cutting production and increasing marketing stimulus. Inventory levels at cutting and polishing centers are high, but the firm sees a good opportunity for a pick-up in demand, without saying where from or why that should be the case.