DE BEERS OFFERS CUSTOMERS FLEXIBILITY AS SALES SLIP IN 8TH CYCLE
Anglo American has announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for De Beers’ 8th sales cycle of 2019, amounting to $295 million.
In the corresponding 8th cycle of 2018, De Beers’ diamond sales amounted to $482 million, which means a 39% drop year-on-year in sales figures. In the 7th cycle of 2019, De Beers’ diamond sales totaled $287 million.
Bruce Cleaver, CEO, De Beers Group, said: “As we approach what is traditionally a quieter time of year for the diamond industry during the Diwali holiday, we have again offered our customers flexibility during this sales cycle”.