De Beers reported diamond gross sales of $540 million (£437 million) for the interval from March 27, 2023 to April 11, 2023.

This determine is declining year-over-year, with De Beers seeing gross sales worth of $566m (£458m) in the identical interval of 2022.

For the third cycle, this determine is increased than the precise gross sales within the second cycle of US$497m (£402m) between 20 February 2023 and seven March 2023.

Al Cook dinner, CEO of De Beers Group, mentioned: “As we enter the second quarter of 2023, we continued to see good demand for our tough diamonds within the third gross sales cycle of the 12 months.

“Gross sales have been in step with expectations and we proceed to see some encouraging constructive tendencies in shopper demand for diamond jewellery, notably in China, the place we’re beginning to see some indicators of enchancment in shopper confidence following the relief of journey restrictions.”

De Beers Group was based in 1888 and has experience in diamond exploration, mining and advertising.