DE BEERS, the world's largest diamond producer by value, said it recorded sales of $610m in its second sale of the year compared with $545m in the first sale.
De Beers, which is 85% owned by Anglo American and has been retained as one of the core pillars in the company, said diamond demand continued to "show signs of improvement as excess inventory has continued to work through the system in recent months".
"Retailer restocking after the end-of-year holiday season is supporting demand for polished diamonds and, in turn, we are seeing improved demand from the midstream for rough diamonds. However, we remain mindful of the need for a cautious approach as the recovery continues," said CEO Philippe Mellier.
De Beers bumped up the provisional sales number it released in January, when it said it had sold $540m worth of diamonds.
The $610m sales figure is a provisional number.
Picture: THINKSTOCK
DE BEERS, the world's largest diamond producer by value, said it recorded sales of $610m in its second sale of the year compared with $545m in the first sale.
De Beers, which is 85% owned by Anglo American and has been retained as one of the core pillars in the company, said diamond demand continued to "show signs of improvement as excess inventory has continued to work through the system in recent months".
"Retailer restocking after the end-of-year holiday season is supporting demand for polished diamonds and, in turn, we are seeing improved demand from the midstream for rough diamonds. However, we remain mindful of the need for a cautious approach as the recovery continues," said CEO Philippe Mellier.
De Beers bumped up the provisional sales number it released in January, when it said it had sold $540m worth of diamonds.
The $610m sales figure is a provisional number.
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