By Michelle Graff
De Beers’ sales for the fifth cycle of 2018 totaled $575 million, up 6 percent year-over-year.
New York--De Beers Group reported positive sentiment in the midstream sector of the diamond market following the jewelry trade shows in Las Vegas, and saw revenue from its most recent cycle of sales rise 6 percent year-over-year.

In the fifth sales cycle of the year, De Beers reported that rough diamond sales totaled $575 million, compared with $541 million in the same period last year. (The figure given for the fifth sales cycle is provisional; De Beers will provide a final number when it reports results for the sixth cycle.)

De Beers also revised its figure for the fourth sales cycle upward, from $550 million to $554 million.

The company’s revenue figures include sales made to both sightholders and on its online auction platform.

CEO Bruce Cleaver said De Beers continues to see strong demand for rough diamonds across its product range.

Here is a chart showing the year-over-year comparison for De Beers’ rough diamond sales in 2018.

                      2017             2018             
First sales cycle                    $729 million        $672 million    
Second $553 million                      $563 million
Third $586 million  $524 million         
Fourth $522 million   $554 million
Fifth $541 million     $575 million (provisional)         
Sixth $576 million
Seventh $507 million
Eighth $376 million
Ninth $466 million
Tenth $455 million

Get the Daily News >
National Jeweler

Fine Jewelry Industry News

Since 1906, National Jeweler has been the must-read news source for smart jewelry professionals--jewelry retailers, designers, buyers, manufacturers, and suppliers. From market analysis to emerging jewelry trends, we cover the important industry topics vital to the everyday success of jewelry professionals worldwide. National Jeweler delivers the most urgent jewelry news necessary for running your day-to-day jewelry business here, and via our daily e-newsletter, website and other specialty publications, such as "The State of the Majors." National Jeweler is published by Jewelers of America, the leading nonprofit jewelry association in the United States.