De Beers realised $445 million from its third sales cycle of 2024, compared to $431 million recorded during the second sales cycle last month, according to Anglo American.
The value of rough diamond sales is, however, still weak when compared with the $542 million recorded a year earlier.
"Many diamond businesses are continuing to take a cautious approach to purchases amidst the uncertain economic landscape and the slow pace of growth in China,” said De Beers chief executive Al Cook.
“However, we saw a further uptick in our rough diamond sales in our third sales cycle, ahead of what is usually a slower period for rough diamond demand in the second quarter of the year."
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished
