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De Beers’ Cycle 2 Rough Sales Generates US$ 545 Mn

The De Beers Group of Companies announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the second sales cycle of 2017. The sale generated US$ 545 million compared to cycle 1, which was US$ 729 million.

Bruce Cleaver, CEO, De Beers Group, said: “We continued to see good demand across our product range in the second sales cycle, which was in line with expectations at this time of year. Sentiment remains positive heading into the Hong Kong International Jewellery Show this week – an important barometer of trade confidence.”

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