De Beers' rough diamond sales decrease to $315m in its fifth sales cycle due to slower summer demand and challenges in China's economy.
De Beers, the world's largest diamond miner, experienced a decrease in rough diamond sales during its fifth sales cycle, generating $315m. CEO Al Cook attributed the quieter period of sales to the typical slower demand during the northern summer. While interest in natural diamonds in the US has resurged, challenges in China's economy are causing a protracted recovery in demand.
June 26, 2024
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