De Beers Group announced its rough diamond sales (global sightholder sales and auction sales) for cycle 4, 2017 on 16 May 2017. As at 15 May 2017, provisional sales value stood at US$520 million, compared to the actual sales value in cycle 3, 2017 of US$586 million and in cycle 4, 2016 of US$636 million.
Bruce Cleaver, CEO of De Beers Group, said: “We are continuing to see steady demand for rough diamonds, despite the industry entering a typically quieter season. Sentiment remains positive as we head towards the important Las Vegas trade show in early June.”
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