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

Anglo American rough diamond sales value For De Beers' ninth sales cycle of 2018 Anglo American plc announces the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for De Beers' ninth sales cycle of 2018, amounting to $440 million. Bruce Cleaver, CEO of De Beers Group, said: "As the industry's focus turns towards the key end of year retail selling season, rough diamond sales continued to be in line with expectation during the ninth cycle of the year. While demand for smaller, lower quality rough diamonds continues to see some challenges, the latest cycle saw some signs of improvement in this area as factories in India begin to reopen after Diwali." Cycle 9 2018 (provisional) [1] Cycle 8 2018 (actual) [2] Cycle 9 2017 (actual) Sales value [3] ($m) 440 482 466 [1] Cycle 9 2018 provisional sales value represents sales as at 19 November 2018.                 [2] Cycle