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De Beers’ rough diamond sales for Cycle2 increases to 555 mln
Strong retail sales of diamond jewellery during the U.S. holiday season and positive early signs for consumer demand over Chinese New Year were some of the factors that boosted the sales.
By: Diamond World News Service
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Mar 10 2018 7:23PM
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Reference: 16162  

DecreaseIncrease

De Beers Group has announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the second sales cycle of 2018.
                                                                                                                                                                                             

  Cycle 2 2018 (provisional)1 Cycle 1 2018 (actual)2

Cycle 2 2017 (actual)

Sales value3 ($m) 555 672   553

Notes to this table are shown at the bottom of this page.

Bruce Cleaver, CEO, De Beers Group, said: "The second sales cycle of the year saw the continuation of good rough diamond demand. This was in line with expectations, following strong retail sales of diamond jewellery during the US holiday season and positive early signs for consumer demand over Chinese New Year."

- ends -

1 Cycle 2 2018 provisional sales value represents sales as at 5 March 2018.

2 Cycle 1 2018 actual sales value is restated following the earlier publication of a provisional figure for the first sales cycle of 2018.

3 Sales values are quoted on a consolidated accounting basis and are before capitalisation of pre-commercial production revenues at Gahcho Kué. Auction Sales included in a given cycle are the sum of all sales between the end of the preceding cycle and the end of the noted cycle.

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