De Beers announces Cycle 1, 2020

De Beers Group announced the value of rough diamond sales (Global Sightholder Sales and Auctions) for the first sales cycle of 2020. The first sales cycle of 2020 provisionally worth of US$545 million.  Bruce Cleaver, CEO, De Beers Group, said: “Demand for rough diamonds increased during the first Sight of 2020 following the end of year selling season and subsequent inventory restocking.”

 

	Cycle 1 2020 provisional)[1]	Cycle 10 2019 (actual)[2]	Cycle 1 2019 (actual)
Sales value[3]($m)	545	426	500

 

[1] Cycle 1 2020 provisional sales value represents sales as at 28 January 2020.

[2] Cycle 10 2019 actual sales value is restated following the earlier publication of a provisional figure for the tenth 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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