GJ Town India

Diamond industry ends the year on a positive note!   De Beers Group announced the value of rough diamond sales (Global Sightholder Sales and Auctions) for the tenth sales cycle of 2020. Owing to the restrictions on the movement of people and products in various jurisdictions around the globe, De Beers Group has continued to implement a more flexible approach to rough diamond sales during the tenth sales cycle of 2020, with the Sight event extended beyond its normal week-long duration.  As a result, the provisional rough diamond sales figure quoted for Cycle 10 represents the expected sales value for the period 7 December to 16 December and remains subject to adjustment based on final completed sales.   Bruce Cleaver, CEO, De Beers Group, said: “Positive consumer demand for diamond jewellery as we enter the holiday season is supporting the continuation of retail orders for polished diamonds from the diamond industry’s midstream sector.   This in turn supported steady demand for De Bee

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