De Beers increases diamond sales for two weeks


03/09/2023

De Beers saw a 9% rise in diamond sales in the last two weeks.



S MAISOUE
According to the global diamond corporation De Beers’ preliminary reports, the company increased its diamond sales for the second business cycle of this year (February 20–March 7) by 9% compared to the prior cycle to $495 million.

The year's first economic cycle was in effect from December 16 to December 31. There were $454 million in sales during that time.

In the second economic cycle, De Beers' diamond sales decreased by 24% on an annualized rate.

“According to our sales projections for the year, I'm pleased to see a steady market for rough diamonds,” said De Beers CEO Al Cook.

source: cnn.com