Rough Diamond Sales Pick Up Ahead of Holiday Season

Rough Diamond Sales Pick Up Ahead of Holiday Season

Gaborone, Botswana–Rough diamond sales picked up for De Beers as retail sales increased ahead of the holiday season.

In the ninth sales cycle of the year, De Beers’s auction and sightholder sales totaled $455 million, down slightly from the $476 million sold in the same period last year and up nearly $80 million from the eighth sales cycle.

Commenting on the latest sales results, CEO Bruce Cleaver said: “Following a seasonally quieter period for rough diamond sales, Cycle 9 saw an uptick in demand from our customers as retail orders increase ahead of the Christmas season.”

De Beers also revised its preliminary figure for the eighth sales cycle upward, from the $370 million previously reported.

Here is a table showing year-over-year comparisons for De Beers’s rough diamond sales through the ninth sales cycle of 2017.

2016    
2017  

First sales cycle                 
$545 million                 
$729 million          

Second
$617 million                        
$553 million

Third
$666 million
$586 million

Fourth
$636 million
$522 million

Fifth
$564 million
$530 million

Sixth
$528 million
$576 million

Seventh
$639 million
$507 million

Eighth
$494 million
$376 million

Ninth
$476 million
$455 million (provisional)   

Tenth
$422 million

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