De Beers’ sales cycle 7 at poor YoY takeoff

De Beers Group announced the value of rough diamond sales (Sightholder Sales and Auctions) for the seventh sales cycle of 2019.

Bruce Cleaver, CEO, De Beers Group, said: “With midstream participants continuing to work down polished diamond inventory levels and reduced levels of manufacturing in the key cutting centres, De Beers Group provided customers with further supply flexibility during the seventh cycle of 2019.” 

Particular	Cycle 7 2019 (provisional)[1]	Cycle 6 2019 (actual)[2]	Cycle 7 2018 (actual)
Sales value[3]($m)	280	250	503

 

 

 

 

 

Note to reader:

[1] Cycle 7 2019 provisional sales value represents sales as at 27 August 2019.

[2] Cycle 6 2019 actual sales value is restated following the earlier publication of a provisional figure for the sixth sales cycle of 2019.

[3] Sales values are quoted on a consolidated accounting basis. Auctions sales included in a given cycle are the sum of all sales between the end of the preceding cycle and the end of the noted cycle.

 

 

 

 

 

 

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