Is this upward diamond trend for 2019?
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