De Beers Sales Rise Amid Market Recovery

Rough diamonds
Rough diamonds

De Beers’ rough-diamond sales and production grew in the first quarter, signaling upbeat sentiment in the manufacturing sector.

Sales volume jumped 74% to 14.1 million carats, reflecting improved rough demand, the company said Monday.

The number of sights — contract sales events — also impacted the result, as there were three this quarter compared with two during the same period last year, De Beers explained.

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