De Beers Group today announced the value of rough diamond sales (Global Sightholder Sales and Auctions) for the second sales cycle of 2020.
Cycle 2 2020
(provisional)
Cycle 1 2020
(actual)
Cycle 2 2019
(actual)
Sales value ($M)
355
551
496
Bruce Cleaver, CEO, De Beers Group, said: “Following an improvement in demand for rough diamonds during the first sales cycle of 2020, we recognised the impact of COVID-19 Coronavirus on customers focused on supplying the Chinese market and put in place additional targeted flexibility to enable customers to defer allocations of the relevant rough diamonds.”