De Beers' Cleaver – Sight 3 Shows Sales Are Stabilizing

De Beers sold rough diamonds with a provisional value of $575 million in the 3rd sales cycle (Global Sightholder Sales and Auction Sales) of 2019.

The miner reported confirmed sales of $496 million in the 2nd cycle.

Bruce Cleaver, CEO, De Beers Group, said: “As we move into the second quarter of the year, we saw a continuation of stable demand for our rough diamonds during the third cycle of 2019.”

De Beers' sales in the 3rd sight of 2018 were $524 million.

De Beers' sales in the first three sights of this year are down on the same period in 2018 at $1.57 billion compared with $1.77 billion.