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The head of the world’s largest Almaz said that the United States would eliminate tariffs on the valuable stones believing that the country’s “no benefit”.
De Beers CEO Al Cook, said that there are no US Diamond mining in the financial time and discusses with several government on the company.
Tariffs would be “no benefit” and “would be a consumer tax for American consumers.” “There would be no workplace.”
The United States is the world’s largest market, for diamond jewelry, half of the global demand, but there are no stones minibuses or recognized commercial savings.
Tariffs announced by the diamond industry last month by President Donald Trump, threw the diamond industry in confusion, and according to market participants brought a brief trade to “Parked”.
The World Diamond Council, a lobby group, which represents the industry, today is $ 117 billion in revenues and in the jewelry sector is at risk in the absence of 200,000 American business rates.
“Diamond tariffs consumer tax, engagement rings, anniversary prices, other jewelry and other jewelry, other jewelry and other jewelry, in a statement on Monday, asked the White House from new import duties.
Diamonds included in the United States are subject to 10 percent tariffs for all imported goods and face a country-based collection of changing countries suspended for 90 days.
Many raw materials were excluded from the tariffs, but diamonds, a diamond diamond in a part of the costs and competition, was not a diamond.
Because diamonds are so small and valuable, in countries such as Botswana or Angola, in countries in India, in China, in China or the United States, it flies around the world in a complex supply chain to trade breaks.
Carried market conditions and tariff violations, especially sensitive to de beers, because it is prepared to spread through its mother’s company, Anglo American, or in London.
The ASH-is combined to start a formal sales process for “very soon”. The company is preparing for an IPO that can happen early next year.
De Beers reported the first quarter income in the first quarter, which is 44 percent lower than the same period before the price and sale volume.
Anglo American has twice wrote the value Over the past two years, in February, in February, the impairment of $ 2.9 billion in the diamond device and the previous year was impaired $ 1.6 billion.
Well-known tariff tariffs have been a “impact” in the diamond industry, but “not as sharp as it is.”
“People are quite confident that the diamond tariffs will be released in the long run,” he said.
“The United States has become very clear that the natural resources produced outside the United States are not targets for tariffs.”
The cook’s comments are coming after the White House freedoms for items such as smartphones and automatic components.
Positive votes from trade talks between the United States and India – the world’s largest diamond polish also suggests that a candle can be in the hands of a candle.
The trading deal between the new Delhi and Washington can alleviate one of the keypad dots along the diamond chain of diamonds, because India polishes more than 90 percent of the world’s diamonds and is a great exporter of the United States.
