De Beers Group said today that the value of rough diamond sales during its third sales cycle of 2019 was US$ 575 million, a rise of 9.7% compared to sales of US$ 524 million during Cycle 3 2018, and a larger 15.9% higher than the US$ 496 million final sales figure for Cycle 2 of the current year.

The figures include Global Sightholder Sales as well as Auctions that have taken place after the end of the preceding cycle to date.

Bruce Cleaver, CEO, De Beers Group, said: “As we move into the second quarter of the year, we saw a continuation of stable demand for our rough diamonds during the third cycle of 2019.”