De Beers Rough Sales up in Sixth Sale of 2017 as Indians Bring Forward Purchases
August 01, 17
(IDEX Online) – De Beers reported a provisional sales figure of $572 million in its sixth sales cycle of 2017 which took place last week.
The figure compares with of $528 million in its sixth sales cycle of 2016.
Bruce Cleaver, CEO, De Beers Group, said: “The sixth sales cycle of the year maintained the trend of consistently good demand for De Beers rough diamonds across the product range.
“With Diwali being earlier than normal in 2017, we saw some demand from Indian diamantaires pulled forward from Sight 7. This was due to these customers needing to make rough diamond purchases in sufficient time to complete their polishing before the holiday begins.”
De Beers updated its rough diamond sales figures, with a figure of $541 million in the fifth sales cycle.