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Market NewsNewsDe Beers sells $665 mn in January, vs $729 mn in Jan 2017

De Beers sells $665 mn in January, vs $729 mn in Jan 2017

Press release

January 30

DE BEERS ROUGH DIAMOND SALES FOR CYCLE 1, 2018

De Beers Group today announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the first sales cycle of 2018.

  Cycle 1 2018 (provisional     Cycle 10 2017 (actual)
Sales value3 ($m) 665 455  

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

Bruce Cleaver, CEO, De Beers Group, said: “Following positive early signs for diamond jewellery sales over the holiday season in the US, the need for the industry to restock led to increasing demand for our rough diamonds in the first sales cycle of 2018. This seasonal restocking demand does usually see a larger share of annual purchases being planned into the first sales cycle of the year by our customers, resulting in an encouraging sales performance.

“In the equivalent sales cycle last year, sales levels benefitted from purchases that had been deferred from late in 2016 as a result of the initial impact at that time of India’s demonetisation programme.”

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