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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.

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Editor's Comment
Celebrate responsibly, put safety first this holiday

“Safety first is safety always”– Charles M HayesAs most people begin travelling across the country to spend the President’s Holidays with family and friends, there is every reason to embrace the joy and togetherness that this period brings.While holiday periods bring joy, they are sadly often accompanied by a rise in road accidents, violent incidents and other avoidable tragedies. Too often, families that set out to celebrate together end...

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