De Beers Reports Continuing Robust Rough Sales at Latest Sight
May 22, 18
(IDEX Online) – De Beers sold rough diamonds with a provisional value of $550 million in the fourth sales cycle (Global Sightholder Sales and Auction Sales) of 2018.
The miner reported confirmed sales of $524 million in the third cycle compared with a provisional figure of $555 million.
Bruce Cleaver, CEO, De Beers Group, said: "In the fourth sales cycle of the year we saw robust demand for De Beers’ rough diamonds, reflecting continued strong demand for diamond jewelry, especially from American consumers as we head towards the important JCK Las Vegas trade show at the start of June.
De Beers' sales in the fourth sale of 2017 were $522 million.