The De Beers Group of Companies has indicated a “reasonably positive environment” for rough diamonds demand more recently after concluding its third sales cycle of 2016.

Rough diamond sales during the third cycle of the year continued their reasonably positive trend to $660 million, compared with the $617 million value of the second sales cycle of 2016.

[quote]Continued stability in polished diamond prices and sales of polished diamonds at the wholesale level supported this positive environment for rough diamond demand.

Philippe Mellier, Chief Executive, De Beers Group, said: “So far, 2016 has seen significantly stronger rough diamond demand than that experienced at the end of 2015 as the actions taken by the industry continue to have a positive effect.

“However, we are now moving into a part of the year where rough diamond demand has historically been lower as a result of seasonality, so we continue to adopt a prudent mind-set.”