Diamond producer De Beers reported an increase in rough diamond sales to $550-million for the fourth sales cycle of this year.
This is compared with rough diamond sales of $522-million in the fourth cycle of 2017 and sales of $524-million in the third cycle this year.
“In the fourth sales cycle of the year, De Beers saw robust demand for rough diamonds, reflecting continued strong demand for diamond jewellery, especially from American consumers, as we head towards the important JCK Las Vegas trade show at the start of June," CEO Bruce Cleaver said in a statement on Tuesday.