News Bureau
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.