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De Beers Sees Stable Demand As It Sells $575M In Cycle 3

De Beers announced it had provisionally sold $575 million in rough diamonds through its 3rd sales cycle of 2019. This compares with the $524 million that was sold in the 3rd cycle of 2018. 

The company also said that its actual sales for the 2nd sales cycle of this year now stood at $496 million. 

CEO Bruce Cleaver said, “As we move into the second quarter of the year, we saw a continuation of stable demand for our rough diamonds during the third cycle of 2019.”

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