. Skip to main content

Company News

DE BEERS GROUP ROUGH DIAMOND SALES FOR CYCLE 9, 2019

Rough diamonds

13 Nov 2019

De Beers Group today announced the value of rough diamond sales (Global Sightholder Sales and Auctions) for the ninth sales cycle of 2019.

Cycle 9 2019
(provisional)1
Cycle 8 2019
(actual)2
Cycle 9 2018
(actual)
Sales value3 ($m) 390
297 442

Notes to this table are shown at the bottom of this page.

Bruce Cleaver, CEO, De Beers Group, said: "With signs of increasing polished price stability, Cycle 9 saw an improvement in sentiment from rough diamond buyers. Global consumer demand for diamond jewellery at the retail level continues to be broadly stable but, with midstream trading conditions still in the process of rebalancing, we offered Sightholders further flexibility during the Sight to provide support."

- ends -

1 Cycle 9 2019 provisional sales value represents sales as at 12 November 2019.

2 Cycle 8 2019 actual sales value is restated following the earlier publication of a provisional figure for the eighth sales cycle of 2019.

3 Sales values are quoted on a consolidated accounting basis. Auctions sales included in a given cycle are the sum of all sales between the end of the preceding cycle and the end of the noted cycle.

Contact

Press office
Tel +44 (0) 20 7430 3434
[email protected]

About De Beers Group

Established in 1888, De Beers Group is the world’s leading diamond company with expertise in the exploration, mining and marketing of diamonds. Together with its joint venture partners, De Beers Group employs more than 20,000 people across the diamond pipeline and is the world’s largest diamond producer by value, with mining operations in Botswana, Canada, Namibia and South Africa. Innovation sits at the heart of the De Beers Group strategy as it develops its portfolio of brands, including De Beers Jewellers and Forevermark, and other pioneering solutions, such as recently launched diamond sourcing and traceability initiatives GemFair and Tracr. De Beers Group employees are committed to ‘Building Forever,’ a holistic and integrated approach for creating a better future – one that is fairer, safer, cleaner and healthier; where safety, human rights and ethical integrity continue to be paramount; and where communities thrive and the environment is protected. De Beers Group is a member of the Anglo American plc group. For further information, visit www.debeersgroup.com.