Market NewsNewsDe Beers February sales slump

De Beers February sales slump

De Beers, the largest source of rough diamonds by value, reported the lowest level of rough diamond sales for February since it started releasing the data in 2016, achieving $490m, Business Day reported.

De Beers, which is 85% owned by Anglo American, has 10 sales events a year, including the allocation of specific diamonds to about 80 hand-selected clients at events called sights in Gaborone, as well as auctions, said the Business Day report.

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