De Beers' First Sale Of 2019: Lower Sales On The Year

De Beers sold rough diamonds with a provisional value of $505 million in the first sales cycle (Global Sightholder Sales and Auction Sales) of 2018.

The figure was substantially lower than the year-earlier figure of $672 million.

Bruce Cleaver, CEO, De Beers Group, said: “Rough diamond sales during the first sales cycle of 2019 were lower than those for the equivalent period last year, reflecting higher than normal sales in the previous cycle (cycle 10, 2018) and the slow movement of lower value rough diamonds through the pipeline.”