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De Beers Cycle 3 sales up 10% YoY to US$ 575M

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De Beers Group has announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the third sales cycle of 2019.

The value for rough diamond sales in cycle 3 is US$ 575 million, up 9.7 per cent on the same cycle a year earlier (cycle 3 2018 – US$ 524 million). This figure is also higher than the US$ 496 million posted in cycle 2 of this year.

Bruce Cleaver, CEO, De Beers Group, said, “As we move into the second quarter of the year, we saw a continuation of stable demand for our rough diamonds during the third cycle of 2019.”

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