Ziamond Reports DeBeers Lays off 25% of Workforce

Facebooktwittergoogle_plusredditpinterestFacebooktwittergoogle_plusredditpinterest

Ziamond has learned that after a three-month internal review, De Beers (the diamond giant) has cut about 25 percent of its UK staff, this has been confirmed by a DeBeers Spokesperson to a large trade publication. It is part of the company’s efforts to “move our cost base to a level that reflects the current economic climate,” she said. The sting of the worldwide economic crisis, and subsequent slowdown in diamond sales, has forced De Beers to scale back across the board.

In Africa, DeBeers has drastically reduced, and even halted, production at a number of its mines due to decreased demand from its sightholders. Don’t be surprised if this is not the only actions DeBeers takes to reduce it’s costs. What’s next…maybe lower diamond prices? Somehow we doubt it, it’s probably a good excuse to raise pricing since DeBeers is cutting back the supply in the market place.

Save your money on diamonds and investigate why hundreds of thousands of people choose Ziamond Cubic Zirconia as the smart alternative to diamonds. With prices that are affordable and a rock solid product warranty, it really is the way to go if you want to maintain the diamond look styles in your wardrobe, but you also want to mainteain the monies in your accounts.

Leave a Reply

Your email address will not be published. Required fields are marked *