De Beers generates $604m

DIamoND miner De beers has generated US$604 million in revenue for its fourth sales cycle of this year. This compares to revenue of US$566 million recorded for the third sales cycle of this year and US$385 million for the fourth sales cycle of 2021. The company continues to implement a flexible approach to rough diamond sales, as restrictions on the movement of people and products persist in various jurisdictions around the world. CEo Bruce Cleaver says demand remained healthy for rough diamonds in the fourth sales cycle, particularly supported by strong consumer demand for diamond jewellery in the US. — mining Weekly.