De Beers earned $315 million from its fifth sales cycle of 2024 compared to $456 million a year earlier or $383 million recorded at its fourth sales cycle.
"The northern summer is generally a quieter period for rough diamond sales, and this was reflected in our cycle 5 sales,” said group chief executive Al Cook.
“The recent annual JCK jewellery show in Las Vegas confirmed a resurgence in retailers' interest in natural diamonds in the United States but ongoing economic growth challenges in China mean we continue to expect a protracted U-shaped recovery in demand.”
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished
