De Beers reported that its rough diamond sales soared 77 percent by volume in the third quarter from a year before.
De Beers reported the sale of 5.3 million carats in the three months that ended September 30, compared with three million carats in the year-earlier quarter when manufacturers and traders reduced purchases drastically in response to high rough prices, Rapaport reported
The miner said that production rose 4 percent to 6.3 million carats – the improvement comes after the miner had cut output last year in response to weaker trading conditions.
The largest production increase was at Debswana, where output surged 12 percent to 4.5 million carats. Production at the Jwaneng mine in Botswana soared 47 percent to 2.8 million which was due to maintenance that was taking place at the same time last year.
