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De Beers Sees “Robust Demand” in 8th Sales Cycle

De Beers has sold $490 million worth of rough diamonds
De Beers rough diamonds
Credit: De Beers

Diamond miner De Beers has sold $490 million worth of rough diamonds at its 8th Sales Cycle (Sight) of 202 – the fourth consecutive month of strong rough sales, according to IDEX Online.

 

Diamond Mining Vessel boat sea De Beers
Credit: De Beers

 

On Sights 5, 6, 7 and 8, De Beers had “averaged sales of just under $500 million,” according to the report. Bruce Cleaver, CEO of De Beers, said: “As the diamond sector prepares for the key holiday season and US consumer demand for diamond jewellery continues to perform strongly, we saw further robust demand for rough diamonds in the eighth sales cycle of the year ahead of the Diwali holiday when demand for rough diamonds is likely to be affected by the closure of polishing factories in India.”

 

 

De Beers Diamond Sourcing
Credit: De Beers

In other De Beers’ related news, the miner has reported that its diamond production went up 28% year-on-year to 9.2 million in the 3rd quarter of 2021.



Tags: Diamonds News, Diamond Industry News, Mining News, Diamond Prices News, De Beers News

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