JOHANNESBURG (miningweekly.com) – Diamond producer De Beers has raised $485-million from its eighth sales cycle during the year.
CEO Bruce Cleaver said on Tuesday that the demand for its rough diamonds continued to reflect the improved midstream trading environment compared with 2015.
“Our rough diamond sales were slightly ahead of expectation during the cycle, given the normal seasonal demand patterns, the shorter-than-usual period between sights 7 and 8, and the forthcoming holidays in some of the major diamond cutting centres,” he noted.