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De Beers' sales reach $520m as industry enters ‘quieter season’

16th May 2017

By: Megan van Wyngaardt

Creamer Media Contributing Editor Online

     

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JOHANNESBURG (miningweekly.com) – Diamond miner De Beers’ fourth cycle of rough diamond sales for this year has generated $520-million.

This was slightly lower than the $586-million achieved in the third sales cycle.

De Beers CEO Bruce Cleaver said the company continued to see steady demand for rough diamonds, despite the industry entering a typically quieter season.

“Sentiment remains positive as we head towards the important Las Vegas trade show in early June.”

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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