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DE BEERS ROUGH DIAMOND SALES FOR CYCLE 2, 2016
The De Beers Group of Companies recently announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the second sales cycle of 2016. Rough diamond demand continues to show signs of improvement as excess inventory has continued to work through the system in recent months. Philippe Mellier, Chief Executive, De Beers Group, said: “Retailer restocking after the end of year holiday season is supporting demand for polished diamonds and, in turn, we are seeing improved demand from the midstream for rough diamonds. However, we remain mindful of the need for a cautious approach as the recovery continues.”
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