De Beers Group’s  rough diamond sales (Global Sightholder Sales and Auction Sales) Cycle 9  of 2017 reached US$ 455 million (provisional), as compared with   US$ 376 million worth of sales for Cycle 8 (actual) and sales valued at US$ 476 million for Cycle 9 2016 (actual), the Company announced today.

Cycle 9 sales thus, while higher than Cycle 8 sales by 21%, were lower y-o-y by 4.4%.

Bruce Cleaver, CEO, De Beers Group, commented: “Following a seasonally quieter period for rough diamond sales, Cycle 9 saw an uptick in demand from our customers as retail orders increase ahead of the Christmas season.”