Industry Restocking Continues Into Third Sight, Says De Beers

(IDEX Online) – De Beers sold rough diamonds with a provisional value of $520 million, following confirmed sales of $564 million in the second sales cycle (Global Sightholder Sales and Auction Sales) of 2018.

Bruce Cleaver, CEO, De Beers Group, said: "While the second quarter of the year is traditionally a seasonally slower period, we continued to see good rough diamond demand in the third sales cycle of 2018 as diamond businesses have focused on restocking following healthy consumer demand for diamond jewellery in the US and China.”

De Beers' sales in the third sale of 2017 were $586 million.