Menu
Market NewsNewsDe Beers rough sales improve in November after biggest price cut in years

De Beers rough sales improve in November after biggest price cut in years

De Beers sold the most diamonds since June after the biggest price cut in years, but sales still remained lower than normal for this time of year as the industry’s cutters and traders struggle to make money, Bloomberg reported.

De Beers sold $390 million of rough diamonds this month compared with $297 million at its previous sale. Still, it’s the first time De Beers has sold less than $400 million at its November sight since at least 2016, the Bloomberg report said.

Read more here