The De Beers Group of Companies reported continued stable demand for rough diamonds during the third sales cycle of 2017. Revenues reached US$580 million, according to the company.
“We saw the continuation of good rough diamond demand in Cycle 3 across the product range. This reflected positive sentiment from our customers following the Hong Kong International Jewellery Show in March,” commented Bruce Cleaver, CEO of the De Beers Group.
The group said rough diamond sales during the second cycle of 2017 amounted to US$553 million.
The Cycle 3 2017 provisional sales value represented sales as at April 3, 2017.
Sales values are quoted on a consolidated accounting basis, according to De Beers. Auction Sales included in a given cycle are the sum of all sales between the end of the preceding cycle and the end of the noted cycle, it added.