De Beers’ 7th sales cycle amounts to a provisional $630 million

Posted on Thursday, September 8, 2016 · Leave a Comment 

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De Beers’ 7th sales cycle amounts to a provisional $630 millionThe De Beers Group of Companies noted that the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the seventh sales cycle this year amounted to a provisional $630 million.

Bruce Cleaver, CEO, De Beers Group, said: “We saw healthy demand for our rough diamonds in Cycle 7, as manufacturers brought forward some of their demand in order to cut and polish rough diamonds in time for the important retail selling season.”

The company’s actual sales in the Cycle 6 2016 time period valued $528 million. The Cycle 6 2016 actual sales value is restated following the earlier publication of a provisional figure for the sixth sales cycle of 2016.



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