- Write by:
-
Wednesday, July 28, 2021 - 13:37:20
-
797 Visit
-
Print
Mining News Pro - Diamond miner De Beers Group sold about $510-million of rough diamonds in its sixth sales cycle of the year.
Sales were significantly higher than the $116-million of rough diamonds sold in the sixth sales cycle of 2020. It is also higher than the $477-million of rough diamonds sold during the fifth sales cycle of this year.
“Our sixth sales cycle of the year has seen the continuation of good demand for rough diamonds, driven by strong demand for diamond jewellery in the key US and China consumer markets.
“With the ongoing strength in consumer sales of diamond jewellery, the outlook remains positive for the second half of the year, subject to the risks that the pandemic continues to present across the globe,” CEO Bruce Cleaver say.
Owing to the restrictions on the movement of people and products in various jurisdictions around the globe, De Beers Group says it has continued to implement a more flexible approach to rough diamond sales during the sixth sales cycle, with the Sightholder event extended beyond its normal week-long duration.
As a result, the provisional rough diamond sales figure quoted for the sixth sales cycle represents the expected sales value for the period July 12 to 27 and remains subject to adjustment based on final completed sales.
Short Link:
https://www.miningnews.ir/En/News/615148
The US Energy Department on Monday announced $6 billion in federal funding to subsidize 33 industrial projects in 20 ...
Private credit managers are doing significantly more fossil-fuel deals now than just a few years ago, as they step into ...
Iron ore pellet producer Ferrexpo said a court has prohibited the transfer of ownership and other shares-related ...
Several people have been killed in Liberia in an accident at an abandoned gold mine, the West African country’s mines ...
Canada’s corporate ethics watchdog on Tuesday said it was likely that human rights abuses had occurred at a mine in ...
Battery metal prices are on the floor, and massive expansions by Chinese miners have been instrumental in driving them ...
Commodities usually rally when central banks cut interest rates, bolstering the case for going long raw materials in the ...
Northvolt AB is starting construction of a €5 billion ($5.4 billion) battery plant in northern Germany to supply ...
Indonesian state-controlled miner Aneka Tambang (Antam) aims to launch the construction of two nickel processing ...
No comments have been posted yet ...