Connect with us

Headlines

Trump Presidency Likely to Boost Diamond Sales, De Beers CEO Says

mm

Published

on

The effect is “likely to be positive.”

De Beers CEO Bruce Cleaver told Bloomberg that Donald Trump’s presidency could be good news for diamond sales.

Cleaver said the effect is “likely to be positive, certainly in the short-term.” The CEO expects lower taxes and more jobs, all of which “translates into more disposable income and translates into more diamond purchases.”

Sales for De Beers are likely to rise “a little bit” in the upcoming year, according to Cleaver. The current year , on the other hand, is expected to be flat or down slightly, Bloomberg reports.

Going forward, a key dynamic in the diamond business will be the fact that, as of 2018 or 2019, supply won’t expand at a rate to match demand growth, Cleaver told Bloomberg. The CEO “is unaware of any discoveries that would change a flat supply curve,” according to the news organization.

Read more at Bloomberg.

Advertisement

Advertisement

SPONSORED VIDEO

Retiring? Let Wilkerson Do the Heavy Lifting

Retirement can be a great part of life. As Nanji Singadia puts it, “I want to retire and enjoy my life. I’m 78 now and I just want to take a break.” That said, Nanji decided that the best way to move ahead was to contact the experts at Wilkerson. He chose them because he knew that closing a store is a heavy lift. To maximize sales and move on to the next, best chapter of his life, he called Wilkerson—but not before asking his industry friends for their opinion. He found that Wilkerson was the company most recommended and says their professionalism, experience and the homework they did before the launch all helped to make his going out of business sale a success. “Wilkerson were working on the sale a month it took place,” he says. “They did a great job.”

Promoted Headlines

Most Popular