News Bureau

 
June 25, 2019

De Beers announces Cycle 5

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

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.”

 

Particular:

Cycle 5 2019 (provisional)[1]

Cycle 4 2019

(actual)[2]

Cycle 5 2018 (actual)

Sales value[3]($m)

390

416

581

Notes to this table:

[1]  Cycle 5 2019 provisional sales value represents sales as at 24 June 2019.

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

[3] 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.