(miningmx.com) - Demand for smaller, lower quality diamonds was beginning to improve, said De Beers which reported sales for its ninth site or cycle of the year of $440m – described by group CEO, Bruce Cleaver, as within expectations. “As the industry’s focus turns towards the key end of year retail selling season, rough diamond sales continued to be in line with expectation during the ninth cycle of the year,” said Cleaver in a statement to the Johannesburg Stock Exchange. “While demand for smaller, lower quality rough diamonds continues to see some challenges, the latest cycle saw some signs of improvement in this area as factories in India begin to reopen after Diwali,” he said.
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