HomeDiamonds & GemstonesDe Beers sells $520 million of diamonds in sixth sales cycle

De Beers sells $520 million of diamonds in sixth sales cycle

The De Beers Group announced that the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for its sixth sale cycle of 2016 was provisionally valued at $520 million, compared with the $564 million value of the fifth sales cycle of 2016.

“This is an encouraging sales performance for this point in the year, supported by positive sentiment from our customers.”

“We maintain a cautious outlook for the remainder of 2016,” says newly appointed De Beers Group CEO Bruce Cleaver.

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