22 Nov 2019
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De Beers Rough Diamond Sales for Cycle 8, 2018
Rupee-Dollar exchange rate has impacted demand for lower value categories
By: Diamond World News Service
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Oct 21 2018 1:08AM
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Reference: 16724  

DecreaseIncrease

De Beers Group has announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the eighth sales cycle of 2018.
                                                                                                                                                                                                                                

  Cycle 8 2018 (provisional)1 Cycle 7 2018 (actual)2 Cycle 8 2017 (actual)
Sales value3 ($m) 475 503 376

Notes to this table are shown at the bottom of this page.

Bruce Cleaver, CEO, De Beers Group, said: “While the Rupee-Dollar exchange rate has impacted demand for lower value categories, we continue to see steady overall demand for De Beers Group rough diamonds, reflecting ongoing consumer demand for diamond jewellery in the U.S.”

- ends -

1 Cycle 8 2018 provisional sales value represents sales as at 15 October 2018.

2 Cycle 7 2018 actual sales value is restated following the earlier publication of a provisional figure for the seventh sales cycle of 2018.

3 Sales values are quoted on a consolidated accounting basis. Auction Sales included in a given cycle are the sum of all sales between the end of the preceding cycle and the end of the noted cycle.

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