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Rough diamond sales totaled $545 million in the miner’s first cycle of the year, up compared with the same period last year.
Called the “Firebird,” it is part of the same collection as the nearly 15-carat pink “Spirit of the Rose” diamond.
A leading diamond company bought the stone, which is described as an “exceptional” Type IIb diamond.
One-in-a-million natural colored diamonds command jaw-dropping amounts of money at auction. Overall prices are seeing a more modest increase.
Analysts say it could sell for as much as $15 million.
The miner’s deputy CEO said there are several “negative factors” impacting the market.
A dip in diamond sales at De Beers, lessons on diving back into a business after motherhood and more.
The diamond miner and marketer sold $390 million in rough to sightholders and via auction, compared with $581 million in the same period last year.
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