De Beers Cycle 3 valued US$ 575mn



De Beers Group announced the value of rough diamond sales (Global Sightholder Sales and Auction sales) for the third sales cycle of 2019. Bruce Cleaver, CEO, De Beers Group, said: “As we move into the second quarter of the year, we saw a continuation of stable demand for our rough diamonds during the third cycle of 2019.”

Particular:
Cycle 3 2019 (provisional)[1]
Cycle 2 2019
(actual)[2]
Cycle 3 2018 (actual)
Sales value[3]($m)
575
496
524
                1:               Cycle 3 2019 provisional sales value represents sales as at 8 April 2019.     
                  2:               Cycle 2 2019 actual sales value is restated following the earlier publication of a provisional                                                          figure for the second 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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