https://www.miningweekly.com

De Beers reports improved rough diamond buyer sentiment

De Beers CEO Bruce Cleaver

De Beers CEO Bruce Cleaver

13th November 2019

By: Marleny Arnoldi

Online News Editor

     

Font size: - +

Diamond miner De Beers’ rough diamond sales value for the ninth sales cycle of this year increased to $390-million, compared with the $297-million reported for the eighth sales cycle.

Sales were, however, lower than the $442-million recorded for the ninth sales cycle of 2018.

CEO Bruce Cleaver commented that with signs of increasing polished price stability, the ninth sales cycle saw an improvement in sentiment from rough diamond buyers.

“Global consumer demand for diamond jewellery at the retail level continued to be broadly stable; however, with midstream trading conditions still in the process of rebalancing, we offered sightholders further flexibility during the sight to provide support.”

Newswire Bloomberg reported earlier this month that De Beers had cut its prices by about 5% for the November sales cycle as a means to help improve the profitability of the traders and polishers that buy its rough diamonds.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Latest News

Showroom

Schauenburg SmartMine IoT
Schauenburg SmartMine IoT

SmartMine IoT has been developed with the mining industry in mind, to provides our customers with powerful business intelligence and data modelling...

VISIT SHOWROOM 
AirNox Pty Ltd
AirNox Pty Ltd

AirNox (Pty) Ltd is a level 1 BBBEE manufacturer of complete AdBlue® solutions for operators of SCR diesel engines and AUS40 across South Africa...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 07 August 2026
Magazine round up | 07 August 2026
7th August 2026

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.044 0.066s - 110pq - 2rq
Subscribe Now