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De Beers Sells $475M In Rough Diamonds Through Cycle 8

De Beers today announced it had provisionally sold $475 million worth of rough diamonds in its 8th sales cycle this year. This compares with the $376 million in rough sold during the 8th sales cycle of 2017.

De Beers also said that its actual sales of rough diamonds in Cycle 7 this year now stood at $503 million.

De Beers CEO Bruce Cleaver said, “While the Rupee-Dollar exchange rate has impacted demand for lower value categories, we continue to see steady overall demand for De Beers Group rough diamonds, reflecting ongoing consumer demand for diamond jewellery in the US.”

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