The De Beers Group of Companies has reported “good demand” for rough diamonds as sales jumped in the company’s first sales cycle of the year.
Provisional sales, which includes global sightholder sales and auctions, stood at $720m (£573m) in its first of 10 sales cycles throughout the year. This was up from the $545m (£433m) recorded in the same period last year, and also up on the $422m (£335m) raised in its 10th sales cycle of 2016.
Bruce Cleaver, CEO, said: “We saw good demand across the majority of our assortment during the first sales cycle of the year, as the industry entered the period when rough diamond demand is traditionally strongest.”
The longer period between the final sale of 2016 and the first of 2017 also contributed to a heightened demand for rough diamonds, he added.