Provisional value of De Beers’ 6th sales cycle is $572 million

The sales maintained the trend of consistently good demand for De Beers rough diamonds
Image Courtesy: De Beers
Image Courtesy: De Beers

Speaking of the De Beers Group’s sixth sales cycle of 2017, Bruce Cleaver, CEO, De Beers Group, noted, “The sixth sales cycle of the year maintained the trend of consistently good demand for De Beers rough diamonds across the product range.” The provisional value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the said cycle amounted to $572 million. In the same period last year, the actual sales value stood at $528 million.

Bruce Cleaver added, “With Diwali being earlier than normal in 2017, we saw some demand from Indian diamantaires pulled forward from Sight 7. This was due to these customers needing to make rough diamond purchases in sufficient time to complete their polishing before the holiday begins.”

The Cycle 6 2017 provisional sales value represents sales as at 31 July 2017. Also, the company restated sales value of its cycle 5 2017 to $541 million.


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