De Beers reports uptick in demand ahead of Christmas

14th November 2017 By: Creamer Media Reporter

JOHANNESBURG (miningweekly.com) – An uptick in demand for diamonds ahead of Christmas has contributed to De Beers reporting sales of $455-million for its ninth sales cycle of the year, compared with sales of $376-million in the eighth sales cycle.

This was, however, lower than the sales of $476-million achieved in the ninth sales cycle of 2016.

De Beers hosts ten sightholder sales every year.