De Beers Cuts Diamond Prices by About 5% as Industry Crisis Deepens
An employee inspects a diamond ring in China. (Photographer: Billy H.C. Kwok/Bloomberg)  

De Beers Cuts Diamond Prices by About 5% as Industry Crisis Deepens

(Bloomberg) -- De Beers is taking more drastic steps to stem the crisis in the diamond industry by cutting prices across the board for the first time in years.
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