The De Beers Group of Companies announced the provisional value of its second sales cycle of rough diamonds (Global Sightholder Sales and Auction Sales) of 2017. The said sales valued $545 million.

In the first sales cycle of 2017, the company clocked $729 million. Bruce Cleaver, CEO, De Beers Group, said: “We continued to see good demand across our product range in the second sales cycle, which was in line with expectations at this time of year. Sentiment remains positive heading into the Hong Kong International Jewellery Show this week – an important barometer of trade confidence.”