Diamond sales improve, but De Beers remains cautious
Following a disastrous start to the year, diamond sales have started to pick up ahead of the upcoming holiday season.
De Beers’ latest rough diamond sales value for the eighth cycle indicate that there has been an impressive turnaround in rough diamond sales, even surpassing figures recorded in the same period last year.
Rough diamond sales from De Beers for the eighth cycle amounted to $467 million, an improvement from $334 million recorded in the previous cycle, even better than $297 million recorded in the eighth cycle in 2019.
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