De Beers reports lower sales as rough diamond availability is reduced to help industry midstream rebance stocks

📆 05/10/2023 08:31 ص
📰 MiningWeeklyAUS

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The value of De Beers' rough diamond sales for the eighth sales cycle of this year decreased to a provisional $200-million, as the diamond miner reduced its rough diamond availability in light of the industry's midstream working to rebalance certain areas of stock accumulation. De Beers had sold $508-million of rough diamonds during the eighth sales cycle of 2022 and $370-million of rough diamonds in the seventh sales cycles of this year.

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