De Beers Group’s rough diamond sales ease in Cycle 5

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De Beers Group’s rough diamond sales ease in Cycle 5

 

June 25, 2019 – De Beers Group’s rough diamond sales eased to $390 million in Cycle 5 from $416 million in Cycle 4 and $581 million in Cycle 5 last year.

“While overall retail sentiment for diamond jewellery in the US remains solid, a more challenging environment in China and higher than normal polished diamond inventories in the midstream resulted in a cautious approach from rough diamond buyers during the fifth cycle of 2019,” said Bruce Cleaver, CEO, De Beers Group.

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