Bruce Cleaver, chief executive officer of De Beers. Photo: Calvin Sit/Bloomberg

How China’s wealthy are spending more on luxury travel, and why that’s a challenge to diamond sales, says De Beers CEO

Sales of gemstones have been flat or declining for the past six years, and De Beers’ Bruce Cleaver says spending by China’s wealthy on luxury travel, electronics and fine dining affects how much they splash on diamonds

Topic |   Tourism

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Bruce Cleaver, chief executive officer of De Beers. Photo: Calvin Sit/Bloomberg
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