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De Beers sells $505m rough diamonds in first sales cycle

8th February 2019

By: Simone Liedtke

Creamer Media Social Media Editor & Senior Writer

     

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Diamond producer De Beers reported last week that rough diamond sales in this year's first sale cycle had reached $505-million.

This is $167-million less than the $672- million earned in the first sales cycle of 2018. Sales in the previous cycle – Cycle 10 of 2018 – reached $544-million.

“Rough diamond sales during the first sales cycle of 2019 were lower than those for the equivalent period last year, reflecting higher-than-normal sales in the previous cycle and the slow movement of lower-value rough diamonds through the pipeline,” De Beers CEO Bruce Cleaver commented.

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Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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