De Beers Group’s rough diamond sales (Global Sightholder Sales and Auction Sales) for the third sales cycle of 2018, amounted to US$ 520 million (provisional -- representing sales as at 16 April 2018), the Company announced today.

This compares with sales worth US$ 586 million (actual) generated for Cycle 3 2017; and sales amounting to US$ 563 million (actual)  for Cycle 2 2018.

 Bruce Cleaver, CEO, De Beers Group, commented: "While the second quarter of the year is traditionally a seasonally slower period, we continued to see good rough diamond demand in the third sales cycle of 2018 as diamond businesses have focused on restocking following healthy consumer demand for diamond jewellery in the US and China."