De Beers’ sales perk up

Wednesday, January 31, 2024 | 6430 Views |

Glittering riches: Diamonds appear to be clawing their way out a slump PIC: LUCARA

De Beers’ rough diamonds sales almost tripled in the first sale of the year, reaching $370 million (P5.1 billion), rising from recent lows and signalling hopes for an uptrend in demand.

Preliminary receipts from the latest sales, held in Gaborone, were the highest since the seventh sales cycle last year, after which demand tightened even further, reaching COVID-era lows.

Commenting on the latest sales cycle, De Beers’ CEO, Al Cook, said solid consumer demand for diamonds in the United States over the year-end holiday season had “certainly helped” to stabilise the industry. He said there was certainty that polished diamond prices were increasing again.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

Selefu

joey kambai | 9 h ago

World Athletics Championships coming to Africa

Calistus Kolantsho | 11 h ago

Man fatally burns in Selebi-Phikwe house fire

Pini Bothoko | 13 h ago

Man carrying baby dies whilst crossing Taung road

Pini Bothoko | 13 h ago

Young girl perishes in Ledumadumane collision

Pini Bothoko | 13 h ago

Driver dies in Gabane head-on collision

Pini Bothoko | 13 h ago

Young woman dies in Metsimotlhabe crash

Pini Bothoko | 13 h ago

Castle Lite, Let's Pacers team up to unlock Botswana

staff writer | 14 h ago

The Boko-led administration has to tread carefully

‘When you make peace withyourself, you make peace with the world’- Maha GhosanandaThis may come at a huge cost if not handled properly. What started off on Labour Day in Letlhakane this year, where Boko was in attendance when the militant lawyer-cum-trade unionist, Robert Rabasimane rebutted the President’s address in defence of the trade union has seemingly spiralled out of control. The issue is now creating a cat-and-mouse type of a...

Mmegi Editor | 11 September 2026

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

De Beers’ sales perk up

De Beers’ rough diamonds sales almost tripled in the first sale of the year, reaching $370 million (P5.1 billion), rising from recent lows and signalling hopes for an uptrend in demand.

Explore

More

Selefu

World Athletics Championships coming to Africa

Man fatally burns in Selebi-Phikwe house fire

Man carrying baby dies whilst crossing Taung road

Young girl perishes in Ledumadumane collision

Driver dies in Gabane head-on collision

Young woman dies in Metsimotlhabe crash

Castle Lite, Let's Pacers team up to unlock Botswana

The Boko-led administration has to tread carefully