De Beers reports stable rough diamond sales

Large rough diamond.

The De Beers Group today announced its rough diamond sales for the third sales cycle of 2016, reporting a continued stability in polished diamond prices.

Philippe Mellier, chief executive of De Beers Group, said: “So far, 2016 has seen significantly stronger rough diamond demand than that experienced at the end of 2015 as the actions taken by the industry continue to have a positive effect.”

Sales of polished diamonds at the wholesale level reportedly support a reasonably positive environment for rough diamond demand for the third consecutive sales cycle.

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Mellier continues: “However, we are now moving into a part of the year where rough diamond demand has historically been lower as a result of seasonality, so we continue to adopt a prudent mind-set.”

Tags : De Beers rough diamond sales Q3
Naida Redgrave

The author Naida Redgrave

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