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.