India factories begin to restock!
De
Beers Cycle 2 yet a low!
De
Beers Group announced the value of rough diamond sales (Global Sightholder
Sales and Auction Sales) for the second sales cycle of 2019.
Bruce
Cleaver, CEO, De Beers Group, said: “Demand for rough diamonds remained
consistent during the second sales cycle of 2019. While overall demand for
lower value rough diamonds remains subdued, we did see an increase in demand
from India as factories begin to restock.”
Heading:
|
Cycle 2 2019(1)
(provisional)
|
Cycle 1 2019(2)
(actual)
|
Cycle 2 2018
(actual)
|
Sales value(3)
|
$490m
|
$500m
|
$563m
|
1: Cycle 2 2019 provisional sales value represents
sales as at 4 March 2019.
2: Cycle 1 2019 actual sales value is restated
following the earlier publication of a provisional figure for the first sales cycle of 2019.
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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