De Beers has sold $530-million worth of rough diamonds in its sixth sales cycle for the year.
This is $51-million lower than the $581-million worth of rough diamonds sold in the fifth cycle of this year, and $46-million lower than the $576-million worth of rough diamonds sold in the sixth sales cycle of 2017.
“In the sixth sales cycle of the year, demand for De Beers’ rough diamonds was in line with expectations during the seasonally quieter summer period for the industry’s midstream sector,” De Beers CEO Bruce Cleaver said on Tuesday.