News

De Beers generates $490M in rough diamond sales in its eighth cycle

Robust demand for rough diamonds in the eighth sales cycle of the year ahead of the Diwali holiday when demand for rough diamonds is likely to be affected by the closure of polishing factories in India

diamond world news service

Anglo American announced today that the value of rough diamond sales (Global Sightholder Sales and Auctions) for De Beers' eighth sales cycle of 2021 (period from 4 October to 19 October) was $490 million.

Bruce Cleaver, CEO of De Beers Group, said, "As the diamond sector prepares for the key holiday season and US consumer demand for diamond jewellery continues to perform strongly, we saw further robust demand for rough diamonds in the eighth sales cycle of the year ahead of the Diwali holiday when demand for rough diamonds is likely to be affected by the closure of polishing factories in India."

De Beers is the world's leading diamond company with in-depth expertise in the exploration, mining and marketing of rough diamonds since 1888. The company's diamond mining spans two continents and four countries – Botswana, Canada, Namibia and South Africa.


Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet

Global Postal Networks Halt Low-Value Shipments to US After End of Duty-Free Rule

Natural Diamond Council Introduces Premier Retailer Accreditation Program

Diavik Diamond Mine Hits 150 Million Carats, Setting Canadian Record

Gem Diamonds Swings to Loss as Rough Market Worsens

US Extends Deadline for Russian Diamond Import Ban by One Year