The De Beers Group of Companies recently announced that the value of rough diamond sales for the seventh sales cycle of 2016 reached US$630 million, up from US$528 million during the previous cycle.

Bruce Cleaver, CEO of the De Beers Group, commented, “We saw healthy demand for our rough diamonds in Cycle 7, as manufacturers brought forward some of their demand in order to cut and polish rough diamonds in time for the important retail selling season.”

Cycle 7 2016 provisional sales value represented sales as at September 5, 2016. The figure consisted of Global Sightholder Sales and Auction Sales.

[Source:- jewellerynewsasia]

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