Menu
Market NewsNewsLower volumes at De Beers August

Lower volumes at De Beers August

Press Release

5 September 2017

DE BEERS ROUGH DIAMOND SALES FOR CYCLE 7, 2017

De Beers Group today announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the seventh sales cycle of 2017.

Cycle 7 2017 (provisional)1 Cycle 6 2017 (actual)2 Cycle 7 2016 (actual)
Sales value3 ($m) 505 576 639

Notes to this table are shown at the bottom of this page.

Bruce Cleaver, CEO, De Beers Group, said: “As expected, rough diamond sales were somewhat lower in the seventh cycle of the year, with some midstream demand having already been brought forward into Cycle 6 due to Diwali being earlier than normal in 2017.

“Businesses in the diamond industry’s midstream segment are adopting a watchful approach as attention now turns to the Hong Kong Jewellery & Gem Fair in mid-September.”