De Beers May Cut Offers to Its Customers by 50% Until April

By Antony Sguazzin

Jan. 21 (Bloomberg) -- De Beers may cut the amount of diamonds it offers to its customers by 50 percent until April, Varda Shine, the head of the company’s marketing unit, said in a copy of a speech made to customers.

Retail diamond sales in the U.S. fell by 15 percent to 20 percent over Christmas and sales for the year in that country fell by “high single digits,” she said in an e-mailed copy of the speech today.