Diamond sales drop for first time in 2016
Wednesday, May 25, 2016
“As normal seasonal trends return to the market, we are encouraged by the continued stability of demand for rough diamonds shown in the fourth sales cycle of 2016,” said Philippe Mellier, chief executive officer of De Beers.
The relatively small drop in May follows consecutive increases in the four sales from December to April, after a slump in the second half of 2015 to an estimated low of $178 million in November.
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