De Beers Second Sight of 2017 Generates $545 Million of Rough Diamond Sales

De Beers reported the sale of a provisional $545 million in rough diamonds in the second sales cycle (Global Sightholder Sales and Auction Sales) of 2017.

The figure, which will be updated at the next sale, appears to continuing show strong demand as the industry restocks.

By comparison, the firm reported sales of $617 million in the year-earlier sale, and $729 million in the first sale of 2017 held last month.

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.”