The De Beers Group of Companies announced the value of rough diamond sales (global sightholder sales and auction sales) for the tenth sales cycle of 2016 on 13 December 2016.
Provisional sales value of cycle 10 of 2016 stood at US$418 million, compared to the actual sales value of the last cycle at US$476 million and the actual sales value of cycle 10 of 2015 at US$248 million.
Bruce Cleaver, CEO, De Beers Group, said: “We continued to see good demand for De Beers rough diamonds in our latest sales cycle. While the trade in lower-value rough diamonds is experiencing a temporary slowdown as a result of the demonetisation programme in India, demand across the rest of the product mix continued to be healthy and overall sales remained in line with seasonal expectations. Pleasingly, sales were also significantly higher than those for the equivalent cycle in 2015.”
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