De Beers' Forevermark Expands India Retail Amidst Lab-Grown Diamond Surge

Retail

16 July 2026 at 11:21 pm

De Beers' Forevermark Expands India Retail Amidst Lab-Grown Diamond Surge

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Summary

De Beers' Forevermark brand is focusing on retail expansion in India, seeing it as an opportunity amidst challenges in its core mining business. The diamond industry faces weak demand, excess inventory, and the rise of lab-grown diamonds, leading De Beers to implement significant rough-diamond price cuts.

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