The De Beers Group of Companies announced yesterday that its sales of rough diamonds (Global Sightholder Sales and Auction Sales) sales for Cycle 2, 2017 amounted to US$ 545 million (provisional). This figure is lower than that of Cycle 2 2016 actual sales of 617 million by about 11.66% and lower than the previous cycle’s  (Cycle 1, 2017)   actual sales value of US$ 729 million by 24.24%.

Bruce Cleaver, CEO, De Beers Group, said: “We continued to see good demand across our product range in the second sales cycle, which was in line with expectations at this time of year. Sentiment remains positive heading into the Hong Kong International Jewellery Show this week – an important barometer of trade confidence.”