De Beers Sells $550m Rough at Sight 2

By John Jeffay / March 11, 2021 / www.idexonline.com / Article Link

(IDEX Online) - De Beers reported sustained midstream demand as it sold $550m (provisional) from its latest sight, 52 per cent up on last year ($362m).The figure was down, as expected, on January's $663m - a three-year high buoyed by strong US sales from the US holidays, Valentine's Day and the Chinese New Year. De Beers extended Sight 2 in Gabarone beyond its usual week because of ongoing global travel restrictions and said it was still offering more flexible terms to holders.Despite strong sales, CEO Bruce Cleaver cautioned that the pandemic was not yet over.  "We saw the continuation of good rough diamond demand during our second sales cycle of 2021 on the back of positive consumer demand for diamond jewellery," he said."While the year has started positively, we recognise ongoing near-term uncertainty in the pace and shape of the recovery."

Recent News

Gold and silver price ETFs see major net outflows

November 04, 2025 / canadianminingreport.com

Gold stocks decline by less than metal price

November 04, 2025 / www.canadianminingreport.com

A shift to the later stages of gold and silver bull markets

October 27, 2025 / www.canadianminingreport.com

Gold stocks plunge on metal drop

October 27, 2025 / www.canadianminingreport.com

Gold stocks still up after pullback late in the week

October 20, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok