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Spotlight | De Beers
With no buyer in sight, the diamond giant trims client list

By Zélie de Crécy

Published on 14.04.2026 at 05:00 GMT Reading time 5 min

Contending with difficulties on several fronts, De Beers has cut ties with a third of its sightholders, retaining only the biggest buyers. © Studio Pachamama

Around 20 diamond dealers and jewellers were informed last month by De Beers that they would no longer be invited to purchase diamonds from the company. This is a bombshell decision, coming at a time when the firm is producing fewer and fewer stones and struggling to find buyers.

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The luxury sector and state actors are queuing up to take over the diamond giant.

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Spotlight | De Beers
With no buyer in sight, the diamond giant trims client list

Around 20 diamond dealers and jewellers were informed last month by De Beers that they would no longer be invited to purchase diamonds from the company. This is a bombshell decision, coming at a time when the firm is producing fewer and fewer stones and struggling to find buyers.

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Related topics to this article

Read also

Diamonds
Dubai's move to monopolise trade data causes alarm among dealers

In Focus
Diamond industry at odds over funding its global lobbying and advertising

Spotlight
Luxury operators in running to buy De Beers

Banks already at work on De Beers sale

De Beers continues crusade against synthetic diamonds in NYC

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De Beers

Spotlight | De Beers With no buyer in sight, the diamond giant trims client list

Around 20 diamond dealers and jewellers were informed last month by De Beers that they would no longer be invited to purchase diamonds from the company. This is a bombshell decision, coming at a time when the firm is producing fewer and fewer stones and struggling to find buyers.

This article may be accessed by subscribers

Do you want a free trial before subscribing?

Create your free account

create a free account

Related topics to this article

Read also

Diamonds Dubai's move to monopolise trade data causes alarm among dealers

In Focus Diamond industry at odds over funding its global lobbying and advertising

Spotlight Luxury operators in running to buy De Beers

Banks already at work on De Beers sale

De Beers continues crusade against synthetic diamonds in NYC

About Glitz

Subscription

Glitz on social media

Indigo Publications' websites

Spotlight | De Beers
With no buyer in sight, the diamond giant trims client list

Diamonds
Dubai's move to monopolise trade data causes alarm among dealers

In Focus
Diamond industry at odds over funding its global lobbying and advertising

Spotlight
Luxury operators in running to buy De Beers