Diamond sales fall again in June

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De Beers yesterday reported that the June sight sales fell for the second consecutive time to $560 million, which the miner regards as a typically slower period of the year.

The sales figure, compared with a revised $636 million in the previous sight, represents a decline of 8.5 percent from $586 million revenue estimated by Rapaport News for the equivalent cycle last year.

“Sales in the fifth cycle of the year were somewhat lower than in the fourth cycle, in line with our expectations and typical seasonal demand patterns,” said Philippe Mellier, De Beers chief executive officer.

Editor's Comment
Botswana must not be a flag of convenience for rogues

‘A man’s country is not a certain area of land, of mountains, rivers, and woods, but it is a principle and patriotism is loyalty to that principle’.- George William CurtisAccording to the report carried in this publication, the fraudsters operating the so-called “dark fleet” have selected Botswana’s flag as their cover of choice. This is a direct assault on our country’s most valuable asset, the good name.For decades, Botswana has...

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