The De Beers Group of Companies announcing its rough diamond sales (Global Sightholder Sales and Auction Sales) results said that it had notched US$ 470 million for Cycle 9, 2016 (provisional – representing sales value up to November 14, 2016).

The actual sales value of Cycle 8, 2016 had reached US$ 494 million, the Company reported.

Bruce Cleaver, CEO, De Beers Group, said: “Encouragingly, the ninth sales cycle of 2016 showed continued good demand for De Beers rough diamonds, with sales in line with expected seasonal demand patterns.”