De Beers Rough Diamond Sales Expected To Rise 5% For April Cycle
London, UK—De Beers’ global rough diamond sales (global sightholder sales and auction sales) for the third sales cycle of 2016 (April 11) are expected to reach approximately $660 million, a jump of $43 million over the second cycle of 2016.
Continued stability in polished diamond prices and sales of polished diamonds at the wholesale level supported a reasonably positive environment for rough diamond demand for the third consecutive sales cycle, said a company statement.
De Beers Group CEO Philippe Mellier said, “So far, 2016 has seen significantly stronger rough diamond demand than that experienced at the end of 2015 as the actions taken by the industry continue to have a positive effect. However, we are now moving into a part of the year where rough diamond demand has historically been lower as a result of seasonality, so we continue to adopt a prudent mind-set.”
Tickets Now On Sale For Diamonds Do Good Awards Gala
New York, NY—The Diamond Empowerment Fund’s annual Diamonds Do Good Awards Gala will be held Thursday, June 2 at 6:30 p.m. at the Four Seasons Ballroom in Las Vegas. The event will honor Nathan Light, former CEO of Sterling Jewelers, with the Diamonds Do Good Lifetime Achievement Award. Other honorees include Chow Tai Fook Jewellery Group (parent company of Hearts on Fire and Mémoire) receiving the Diamonds Do Good Community Development Award, and Dorothée Gizenga, executive director of the Diamond Development Initiative, who will receive the Diamonds Do Good Sustainable Practices Award.