De Beers says the provisional value of rough diamond sales for the third sales cycle of 2024 stood at $445 million during its third circle of 2024. According to the mining company, the provisional rough diamond sales figure quoted for Cycle 3 represents the expected sales value for the period and remains subject to adjustment based on final completed sales.

De Beers Group CEO, Al Cook said in a statement that many diamond businesses are continuing to take a cautious approach to purchases amidst the uncertain economic landscape and the slow pace of growth in China.

“However, we saw a further uptick in our rough diamond sales in our third sales cycle, ahead of what is usually a slower period for rough diamond demand in the second quarter of the year,” he added.