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De Beers announces provisional sales value of Cycle 9
Says sales were in line with expected seasonal demand patterns
By: Diamond World News Service
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Nov 16 2016 9:55AM
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Reference: 13626  

DecreaseIncrease
The De Beers Group of Companies announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the ninth sales cycle of 2016.

The Cycle 9 2016 provisional sales value represents sales as at 14 November 2016. It valued $470 million.

Bruce Cleaver, CEO, De Beers Group, said: “Encouragingly, the ninth sales cycle of 2016 showed continued good demand for De Beers rough diamonds, with sales in line with expected seasonal demand patterns.”

Also, Cycle 8 2016 actual sales value was restated at $494 million, following the earlier publication of a provisional figure of $484 million.

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