27 Jun 2019
DiamondWorld Directory
Home |
News
Home
De Beers clocks US$ 660 million in its third Sight of 2016
Views stability in polished diamond prices and sales of polished diamonds at the wholesale level to be positive factors
By: Diamond World News Service
|
Apr 12 2016 8:49PM
|
Reference: 12894  

DecreaseIncrease
Image Courtesy: De Beers
Image Courtesy: De Beers
The De Beers Group of Companies announced the value of its rough diamond sales (Global Sightholder Sales and Auction Sales) for the third sales cycle of 2016. The said value stood at US$ 660 million (provisional).

The value of its Cycle 2 of the said rough diamond sales stood at an actual figure of US$ 617 million.

Continued stability in polished diamond prices and sales of polished diamonds at the wholesale level supported a reasonably positive environment for rough diamond demand for the third consecutive sales cycle, as per the company.

Philippe Mellier, Chief Executive, De Beers Group, said: “So far, 2016 has seen significantly stronger rough diamond demand than that experienced at the end of 2015 as the actions taken by the industry continue to have a positive effect. However, we are now moving into a part of the year where rough diamond demand has historically been lower as a result of seasonality, so we continue to adopt a prudent mind-set.”

Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
Advertisement
M. Suresh234x60
Search News by City
Advertisement
Kosher 23460
Advertisement
HouseAd_Trade Fair
Recent Issue
2019
AVAILABLE NOW...!
Advertisement
Kosher 23460
News in Pictures
Videos
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
Spotted: Who Wore What (August 2018)
Pictures: 4
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 14417
GJEPC Chairman Interview
Views: 13346
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 20205
Promo for IJ Awards 2012 at NDTV Profit
Views: 32827
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 35999
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 10856
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 34297
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 32359
Member of:
Supporter of: