Thursday, April 25, 2024

De Beers’ second cycle sales improve but…

The world’s top diamond dealer, De Beers, has reported another increase in rough diamond sales as prices continue to rebound after slumping in 2023, though the company warned that tough macro conditions will slow recovery.

De Beers saw sales of $430 million in its second sales cycle of 2024, up from $374 million in the first cycle and $137 million in the last cycle of 2023, but down from $497 million in the second sales cycle of 2023.

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