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Upbeat Sentiment After JCK Show Helps De Beers Sell $575M In Cycle 5

De Beers announced that it had provisionally sold $575 million worth of rough diamonds in its 5th sales cycle of this year. This is a 3.8 percent increase over the $554 million actually sold in Cycle 4 this year and is 6.3 percent over the $541 million actually sold in Cycle 5 of 2017. 

De Beers CEO Bruce Cleaver said, “Sentiment in the diamond industry’s midstream is positive following the JCK Las Vegas trade show at the start of the month, and we continued to see good demand for our rough diamonds across the product range.”

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