The De Beers Group of Companies today announced the value of rough diamond sales for the sixth sales cycle of 2016.
The provisional sales values for cycle 6, which include global sight-holder sales and auction sales, is $520 million (£393 million). This figure represents sales as of 1 August 2016, and is £64 million lower than the actual fifth cycle sales value of 2016, which was $564 million (£426 million).
Recently appointed De Beers Group chief executive officer, Bruce Cleaver, comments: “This is an encouraging sales performance for this point in the year, supported by positive sentiment from our customers. We maintain a cautious outlook for the remainder of 2016.”