GJ Town India

Continued steady demand for rough: DeBeers   De Beers Group announced the value of rough diamond sales (Global Sightholder Sales and Auctions) for the second sales cycle of 2023. The provisional rough diamond sales figure quoted for Cycle 2 represents the expected sales value for the period 20 February and 7 March and remains subject to adjustment based on final completed sales.   Al Cook, CEO, De Beers Group, said: “In this, my first Sight update to the market, I am pleased to see continued steady demand for rough diamonds in line with our expectations for sales as the year progresses.   For example, we know that Sightholders planned more of their purchases for later in 2023, given the economic uncertainty at the time they were taking their planning decisions at the end of 2022. It is also encouraging to see some positive trends in end client demand for diamond jewellery at the start of the year.”  DeBeers Cycle 2 2023 (provisional) [1]...

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...