De Beers Sells $630 Million Rough Diamonds at Sight 4, 2016 Sales hit $2.4B

Finance and Trade
24/05/2016 10:13

De Beers has officially announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the fourth sales cycle (sight) of 2016 at a provisional $630 million, while the third sales cycle figure was $666 million. The fourth sales cycle took place last week. In the first four months of this year De Beers sold more than $2.4 billion of rough goods as demand for manufacturers has soared.

Chief Executive Philippe Mellier said: “As normal seasonal trends return to the market, we are encouraged by the continued stability of demand for rough diamonds shown in the fourth sales cycle of 2016.”