In addition to the sales and marketing agreement, which deals with the post-mining distribution of the tough manufacturing for the next 10 years, there’s the crucial mining licence. This allows Debswana to proceed mining its Botswana property for the subsequent 25 years and requires De Beers to invest billions in underground expansion. From an outsider’s perspective, the partnership between De Beers and Botswana appeared to be crumbling after greater than 50 years of collaboration. The media coverage and political rhetoric from sure quarters hinted at a potential collapse of the partnership. Factors such as these indicate potentially weaker short-term shopper confidence and negativity for future diamond acquisition by the mass markets. Holding back important volumes would enable costs to stabilise and help the market in the short term.

Traditionally, the Sydney Fair would have a single notably busy day – normally opening day. Since the pandemic, each the first and …