De Beers Reports Strong Growth in Diamond Sales, Calls Out U.S. Retailers for Slow Restocking
Wednesday, 13 March 2024, 09:22
De Beers Diamond Sales Growth
The London-based diamond company recorded a remarkable 15% surge in the sale of rough diamonds during the second five-week period of 2024, surpassing the initial cycle figures.
U.S. Retailers' Restocking Delay
De Beers expressed concern over the sluggish pace of restocking by U.S. retailers, signaling potential market challenges that may affect future sales.
- The company sold rough diamonds worth $430 million in the second cycle.
- 15% increase compared to the first cycle of the year.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.