De Beers Might Shift Sights to Antwerp

Finance and Trade
29/05/2020 08:20

According to Reuters, De Beers, together with the government of Botswana is looking into (temporarily) shifting its sight viewings from Gaborone, Botswana, to major trading hubs, closer to their clients, for example in Antwerp. Reuters cites De Beers Executive Vice President, Diamond Trading, Paul Rowley; “If we can move our product closer to them it would give us the flexibility to restart sales as soon as the markets reopen”. Since the pandemic broke out, sightholders and clients of the mining giant have been unable to travel to the capital of Botswana, from where De Beers sells 90% of its production.