De Beers Group today announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the second sales cycle of 2019. Sales of De Beers’ second “cycle “ stood at $490 , a drop of 13 percent compared to the sales figure of De Beers’ second sight in 2018, which generated $563 million.
“Demand for rough diamonds remained consistent during the second sales cycle of 2019. While overall demand for lower value rough diamonds remains subdued, we did see an increase in demand from India as factories begin to restock.” Bruce Cleaver, CEO of De Beers Group said.
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