Total rough diamond sales volumes of 15.3 million carats were in line with the prior-year period, as a result of a higher proportion of lower value rough diamonds being sold in 2023, it said. This impacted the average realized price in the first half of the year, which decreased by 23% to $163/ct versus $213/ct last year, and reflects the more cautious approach Sightholders took to planning their 2023 allocation schedule due to the uncertain macro-economic outlook, De Beers noted.
The average rough diamond price index also decreased by 2%, reflecting the overall softening in consumer demand for diamond jewellery and build-up in rough diamond inventory in the midstream.
This story is from the July - August 2023 edition of Diamond World.
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This story is from the July - August 2023 edition of Diamond World.
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