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.
