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News & Highlight


Diamond sales of two giants improve



Latest diamond sales of Alrosa and De Beers show an increasing demand for diamond amid the approaching of holiday season.


Alrosa sold133 rough diamonds with a total weight of 2,173 carats and 100 rough diamonds totaling 1,860 carats in Belgium and Israel respectively this September. The auctions brought Alrosa US$20.7 million in revenue. The miner deputy CEO Evgeny Agureev said the results confirmed the demand for high-quality rough diamonds. the total proceeds at the Israeli auction significantly exceeded the reserve price.


De Beers’ provisional rough diamond sales figure from 19 August – 10 September are US$320 million, nearly three times more than the previous US$116 million sales between 27 July and 13 August. The revenue, however, is US$33 million less than the same cycle last year.


The group CEO Bruce Cleaver commented on the improvement: “Overall industry sentiment has become more positive as jewellers in the key US and Chinese consumer markets gained confidence ahead of the important year-end holiday season, supported by strong bridal diamond jewellery demand across markets. Accordingly, we saw a recovery in rough diamond demand in the seventh sales cycle of the year.”

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