De Beers, one of the world’s biggest diamond companies, has found itself in a tough spot. According to the Financial Times, the company has gathered the biggest pile of diamonds it’s had since the 2008 financial crisis. This huge stockpile, worth around $2 billion, is a sign of trouble in the diamond industry.
De Beers controls a large part of the $80 billion diamond market, but things aren’t going well. The company has seen a big drop in sales this year, especially in China, where deman...