According to the global diamond corporation De Beers’ preliminary reports, the company increased its diamond sales for the second business cycle of this year (February 20–March 7) by 9% compared to the prior cycle to $495 million.
The year’s first economic cycle was in effect from December 16 to December 31. There were $454 million in sales during that time.
In the second economic cycle, De Beers’ diamond sales decreased by 24% on an annualized rate.
“According to our sales projections for the year, I’m pleased to see a steady market for rough diamonds,” said De Beers CEO Al Cook.
source: cnn.com
