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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