30-01-2018
De Beers Group announced today the rough diamond sales, including global sightholder sales and auction sales, for the first sales cycle of 2018 was valued at US$665 million (provisional).
The sale value of the last sales cycle in 2017 was US$455 million.
Bruce Cleaver, group CEO, said: “Following positive early signs for diamond jewellery sales over the holiday season in the US, the need for the industry to restock led to increasing demand for our rough diamonds in the first sales cycle of 2018. This seasonal restocking demand does usually see a larger share of annual purchases being planned into the first sales cycle of the year by our customers, resulting in an encouraging sales performance.
When commenting on the high sales value (US$729 million) over the first sales cycle in 2017, Cleaver said: “In the equivalent sales cycle last year, sales levels benefitted from purchases that had been deferred from late in 2016 as a result of the initial impact at that time of India’s demonetisation programme.”
2018 sight schedule
Sight 1: 22 - 25 January
Sight 2: 26 February - 2 March
Sight 3: 9 - 13 April
Sight 4: 14 - 18 May
Sight 5: 18 - 21 June
Sight 6: 23 - 27 July
Sight 7: 3 - 7 September
Sight 8: 8 - 12 October
Sight 9: 12 - 16 November
Sight 10: 10 - 13 December
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