De Beers ‘encouraged’ by stable rough diamond demand

Although De Beers’ rough diamond sales were lower for the fourth sales cycle of this year than in the third, the diamond miner said it was “encouraged by the continued stability of demand for rough diamonds”. De Beers sold about $630-million of diamonds in the fourth sales cycle up to May 23, compared with the $666-million of diamonds sold in the third sales cycle of the year.