GUGUS R2 ENMHUI
The third business cycle of the year took place from March 27 to April 11. There were $542 million in sales during that time.
Sales of diamonds by De Beers decreased by 20.5 percent on an annualized basis during the fourth economic cycle.
"As the industry entered a phase of the customary seasonal lull, sales of our rough diamonds in the fourth sales cycle of the year were somewhat down from the prior cycle. Continued macroeconomic uncertainty and a slower-than-anticipated rebound in Chinese consumer demand both had an impact on sluggish demand," according to Al Cook, the company's CEO.
source: marketwatch.com
Sales of diamonds by De Beers decreased by 20.5 percent on an annualized basis during the fourth economic cycle.
"As the industry entered a phase of the customary seasonal lull, sales of our rough diamonds in the fourth sales cycle of the year were somewhat down from the prior cycle. Continued macroeconomic uncertainty and a slower-than-anticipated rebound in Chinese consumer demand both had an impact on sluggish demand," according to Al Cook, the company's CEO.
source: marketwatch.com
