Two Biggest Diamond Miners Barely Sold Any Stones Last Quarter
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The coronavirus froze up the diamond market so dramatically that the two biggest producers hardly sold any gems at all in the last three months, their combined sales plunging 94% from a year earlier.
De Beers and Russian rival Alrosa PJSC both reported second-quarter sales figures Thursday, at a total of $130 million in rough diamonds between them. A year ago, the two companies sold $2.1 billion.