Economy

De Beers reports ‘continued stability’ of rough diamond demand

The De Beers Group of Companies has announced the “continued stability” of rough diamond demand, following its latest sales cycle.

In its fourth sales cycle of 2016 the company reported rough diamond sales of $630m (£431m) compared with the $666m (£456m) realised in its third sales cycle earlier this year.

Philippe Mellier, chief executive, said: “As normal seasonal trends return to the market, we are encouraged by the continued stability of demand for rough diamonds shown in the fourth sales cycle of 2016.”

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