De Beers said the provisional value of its rough diamond sales during its third sight of 2024 reached $445 million, a 3% increase over the preceding second sight ($431 million) this year, and an 18% fall compared to the third cycle of 2023 ($542 million).

De Beers CEO Al Cook said: “Many diamond businesses are continuing to take a cautious approach to purchases amidst the uncertain economic landscape and the slow pace of growth in China. However, we saw a further uptick in our rough diamond sales in our third sales cycle, ahead of what is usually a slower period for rough diamond demand in the second quarter of the year.”