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De Beers’ Sales Up 26% in 3rd Sight of 2022

Sales at De Beers' third Sight in February totaled $565 million

19.04.2022Financial News

De Beers rough diamonds — Credit: De Beers

Diamond mining giant De Beers has reported that rough sales have gone up 26% to $565 million from its third sales cycle (Sight) of 2022, IDEX Online reports.

Sales at De Beers’ second Sight in February totaled $652 million. In its 1st Sight, De Beers sold diamonds to the tune of $450 million.

De Beers’ CEO Bruce Cleaver acknowledged that demand for rough remained strong, but added a caution: “As we head into the seasonally slower second quarter of the year, diamond businesses are adopting a more cautious and watchful approach in light of the war in Ukraine and associated sanctions, as well as Covid-19 lockdowns in China.”