De Beers rough diamond sales for Cycle 5, 2019

| July 3rd, 2019

De Beers rough diamond sales for Cycle 5, 2019
"De Beers rough diamond sales for Cycle 5, 2019"

Presse release – US$390 million (provisional)
Bruce Cleaver, CEO, De Beers Group, said: “While overall retail sentiment for diamond jewellery in the US remains solid, a more challenging environment in China and higher than normal polished diamond inventories in the midstream resulted in a cautious approach from rough diamond buyers during the fifth cycle of 2019.

Source De Beers


Notes

1) 2019: US$2.38 billion (provisional – to date).

2) 2018: US$5.39 billion.

3) 2017: US$5.31 billion.

4) Cycle 5 2019 provisional sales value represents sales at 24 June 2019.

5) Cycle 4 2019 actual sales value is restated following the earlier publication of a provisional figure for the fourth sales cycle of 2019.

6) Sales values are quoted on a consolidated accounting basis. 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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