14.12.2015 09:29:00

ALROSA PJSC -- Moody's: Diamond miners may opt for deeper price cuts to restore flagging demand in 2016

London, 14 December 2015 -- Diamond miners will remain under pressure over the next 12-18 months as slowing jewellery sales and reduced credit availability for cutters and polishers have created a temporary supply and demand mismatch, says Moody's Investors Service ("Moody's) in a special report published today. Despite the resulting 18% drop in rough diamond prices in the first 11 months of 2015, the long-term fundamentals for the sector remain solid.

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