Is this upward diamond trend for 2019?
De
Beers cycle 10 grew
over
Cycle 9 & YoY too!
De
Beers Group announced the value of rough diamond sales (Global Sightholder
Sales and Auction Sales) for the tenth sales cycle of 2018.
Bruce
Cleaver, CEO, De Beers Group, said: “De Beers Group’s rough diamond sales
during the final cycle of the year continued to be in line with expectation
ahead of the all-important retail selling season as cutting and polishing
factories in India restarted their operations following the Diwali holiday.”
Just
following the AWDC & Bain & Co. diamond report 2018, the sight is
reflection upward diamond trend! It has grown over the previous Cycle 9 of
US$442mn and YoY too which was of US$455mn. It is to be learned that festive
seasons’ in India & now, Holiday spending have show enough vibration in the
retail and the trend could bring back fantastic spark in the gem-n-jewellery
industry & trade.
|
|
Cycle 9 2018
|
Cycle 10 2017
(actual)
|
|
|
540
|
442
|
455
|
1:
Cycle 10 2018 provisional sales value represents sales as at 17 December 2018.
2:
Cycle 9 2018 actual sales value is restated following the earlier publication
of a provisional figure for the ninth 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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