De Beers Cycle 6, 2019 shows uncertainty

De Beers Group today announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the sixth sales cycle of 2019.

 

Bruce Cleaver, CEO, De Beers Group, said: “With ongoing macroeconomic uncertainty, retailers managing inventory levels, and polished diamond inventories in the midstream continuing to be higher than normal, De Beers Group provided customers with additional flexibility to defer some of their rough diamond allocations to later in the year. As a result, we saw a reduction in sales during the sixth cycle of 2019.”

 

	Cycle 6 2019 (provisional)[1]	Cycle 5 2019 (actual)[2]	Cycle 6 2018 (actual)
Sales value[3]($m)	250	391	533

[1] Cycle 6 2019 provisional sales value represents sales as at 29 July 2019.

[2] Cycle 5 2019 actual sales value is restated following the earlier publication of a provisional figure for the fifth sales cycle of 2019.

[3] Sales values are quoted on a consolidated accounting basis. Auction 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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