De Beers' Rough Sales Rise As Indian Firms Return To Work After Diwali

By Albert Robinson / December 18, 2018 / www.idexonline.com / Article Link

(IDEX Online) - De Beers sold rough diamonds with a provisional value of $540 million in the 10th sales cycle (Global Sightholder Sales and Auction Sales) of 2018.

 

The miner's two previous sales had both been below $500 million.

 

The miner reported confirmed sales of $442 million in the ninth cycle, compared with an initial provisional figure of $440 million.

 

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."

 

De Beers' sales in the 10th sight of 2017 were $455 million.

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