Diamond miners De Beers’ sales of its rough diamonds in the fourth cycle of the year were lower than in the previous cycle, as the industry has entered what is traditionally a seasonally quieter period, CEO Al Cook says.
The value of rough diamond sales for De Beers’ fourth sales cycle amounted to $480-million, provisionally.
This compares with sales of $542-million in the third sales cycle and $604-million in the fourth sales cycle of 2022.
“Rough diamond demand was also influenced by ongoing macroeconomic uncertainty and a slower pace of recovery in consumer demand from China than was widely anticipated,” Cook adds.