De Beers rough diamond sales for Cycle 9, 2019

| November 21st, 2019

De Beers rough diamond sales for Cycle 9, 2019
"De Beers rough diamond sales for Cycle 9, 2019"

Press release – US$390 million (provisional).
Bruce Cleaver, CEO, De Beers Group, said: “With signs of increasing polished price stability, Cycle 9 saw an improvement in sentiment from rough diamond buyers. Global consumer demand for diamond jewellery at the retail level continues to be broadly stable but, with midstream trading conditions still in the process of rebalancing, we offered Sightholders further flexibility during the Sight to provide support.

cycle9_De_Beers_Rough_diamond_Sales

Source De Beers



Notes

1) 2019: US$3.60 billion (provisional – to date).

2) 2018: US$5.39 billion.

3) 2017: US$5.31 billion.

4) Cycle 9 2019 provisional sales value represents sales at 12 November 2019.

5) Cycle 8 2019 actual sales value is restated following the earlier publication of a provisional figure for the eighth sales cycle of 2019.

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