De Beers 4th Sight Valued at $630 Million

Gaborone: The De Beers Group of Companies announced that the provisional value of its fourth rough diamond sale (Global Sightholder Sales and Auction Sales) was $630 million.

“As normal seasonal trends return to the market, we are encouraged by the continued stability of demand for rough diamonds shown in the fourth cycle sales of 2016,” said De Beers Group chief executive Philippe Mellier.

De Beers’ first, second and third Sights were valued at $540 million, $610 million and $666 million, respectively.