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 10 2018 (provisional)[1]	Cycle 9 2018 (actual)[2]	Cycle 10 2017 (actual)
Sales value[3]($m)	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.