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Market NewsNewsDe Beers reports lower sales in November

De Beers reports lower sales in November

Press Release

Date: 20 November 2018

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

  Cycle 9 2018 (provisional)1 Cycle 8 2018 (actual)2 Cycle 9 2017 (actual)
Sales value3 ($m) 440 482 466

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

Bruce Cleaver, CEO, De Beers Group, said: "As the industry’s focus turns towards the key end of year retail selling season, rough diamond sales continued to be in line with expectation during the ninth cycle of the year. While demand for smaller, lower quality rough diamonds continues to see some challenges, the latest cycle saw some signs of improvement in this area as factories in India begin to reopen after Diwali."

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1 Cycle 9 2018 provisional sales value represents sales as at 19 November 2018.

2 Cycle 8 2018 actual sales value is restated following the earlier publication of a provisional figure for the eighth sales cycle of 2018.

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.

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