De Beers raked in $370 million during the 7th sales cycle of the year, according to Mining Weekly.
In the 7th cycle of 2022, the miner recorded sales of $638 million. In the 6th sales cycle of this year, De Beers raked in $411 million.
De Beers CEO Al Cook commented: “With the prevailing economic environment leading to softer end-client demand for diamond jewelry in key consumer markets, and the traditionally lower levels of midstream trading during the summer period, Sightholders continued to take a prudent approach to their purchasing during the seventh sales cycle of the year.”
