trending Market Intelligence /marketintelligence/en/news-insights/trending/hwF_GrC17D7Y8bqVQ_RcYg2 content esgSubNav
In This List

De Beers' 10th rough diamond sales cycle slumps YOY

Blog

Insight Weekly: Unease roils markets; US likely to slip into recession; firms' cash ratios fall

Blog

Insight Weekly: Bank boards lag on gender parity; future of office in doubt; US LNG exports leap

Blog

Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future

Blog

Insight Weekly: Loan growth picks up; US-China PE deals fall; France faces winter energy crunch


De Beers' 10th rough diamond sales cycle slumps YOY

Anglo American PLC unit De Beers SA's provisional sales in the 10th and final cycle of 2019 totaled US$425 million, a decline from year-ago actual sales of US$544 million.

The figure represented an increase from actual sales of US$400 million in the ninth sales cycle.

De Beers CEO Bruce Cleaver said in a Dec. 18 news release that the producer saw steady demand for rough diamonds ahead of the 10th sales cycle after continued stability in polished diamond prices.