Lady Arpels Ronde des Papillons watch - Van Cleef & Arpels

(De Beers Group) Sales Value of Rough Diamond Increase

A member of the Anglo American group, De Beers has publically announced the value of rough diamonds for the first sales cycle of 2016.

In comparison to 2015's tenth cycle the sales value has increased significantly from 248($m) to 540($m). Sales Value is determined by sales of the “De Beers Sightholders” and calculated according to the sum of all sales up until

January 25 2016

Philippe Mellier, Chief Executive, De Beers Groups, said: “We are encouraged by the result of the first sales cycle of 2016, and will keep working closely with our customers to deliver sustainable improvements in the diamond industry in 2016.”

Source:

http://www.debeersgroup.com/en/news/company-news/company-news/de-beers-rough-diamond-sales-for-cycle-1--2016.html