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De Beers will expand its flexibility for this month’s sight as the miner responds to the market downturn by limiting supply rather than lowering prices. The company will allow sightholders to remove certain goods from allocations of rough diamonds and request larger buybacks than usual, it told clients last week. The July sight comes amid rising inventories and falling prices in the polished sector, especially in India. De Beers’ customers expect the company to maintain rough-price levels to avoid flooding the market and having a further negative impact on polished. De Beers’ sales policies have been in the spotlight in…

Simonis Storm Securities has said despite the minor decline in new construction project proposals, the increased number of approved building plans indicates a higher approval rate, which could be attributed to a more efficient approval process or greater confidence among developers. More importantly, the substantial rise in completed building plans reflects a significant boost in construction activity and project completions, the firm said in a report. The report said Windhoek's focus on property expansions indicates a mature market with an emphasis on enhancing existing structures. “This trend suggests that homeowners and developers see more value in upgrading and expanding current…