According to buyers, De Beers lowered prices by as much as 10%

The move “brings the world’s two largest diamond producers together"

Diamond production fell 5% to 8.7 million carats as well as rough sale volumes

The value of rough diamonds sold dropped to $475 million

De Beers completed the acquisition of Peregrine Diamonds for $82.36 million

The SYNTHdetect XL allows multiple volumes of jewelry to be screened simultaneously

Sales dropped to $505 million in the 7th cycle with De Beers allowing buyers to pass over cheaper diamonds

Prices for lower-quality stones have gone down in recent years

IDE Presiden Yoram Dvash summarizes the main points, including the issue of synthetics

The takeover was approved by Peregrine security holders last Friday

The South African mine will close after De Beers failed to find a suitable buyer for the mine

De Beers’ sixth sales cycle of 2018 amounted to $530 million, "in line with expectations"

Underlying earnings fell 9% to $712 million, rough production increased 8% to 17.5 million carats

The 1,500 km trip to Mozambique is a major conservation initiative to protect wildlife in South Africa

Peregrine owns the Chidliak diamond mine in Canada’s Nunavut Territory

De Beers sold 10 million carats from three sales cycles in Q2 2018

The synthetic diamond screening device, SYNTHdetect, was launched last year

De Beers’ fifth sales cycle of 2018 amounted to $575 million