Tell Us More

Share a bit more information with us
to finalize your Free Quote request.

You are looking for information regarding:

2 to 10+ carat
Round Diamond
Country
United States Afghanistan Aland Islands Albania Algeria American Samoa Andorra Angola Anguilla Antarctica Antigua and Barbuda Argentina Armenia Aruba Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia, Plurinational State of Bonaire, Sint Eustatius and Saba Bosnia and Herzegovina Botswana Bouvet Island Brazil British Indian Ocean Territory Brunei Darussalam Bulgaria Burkina Faso Burundi Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Chad Chile China Chinese Taipei Christmas Island Cocos (Keeling) Islands Colombia Comoros Congo Congo, the Democratic Republic of the Cook Islands Costa Rica Cote d'Ivoire Croatia Cuba Curaçao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic East Timor Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Falkland Islands (Malvinas) Faroe Islands Fiji Finland France French Guiana French Polynesia French Southern Territories Gabon Gambia Georgia Germany Ghana Gibraltar Greece Greenland Grenada Guadeloupe Guam Guatemala Guernsey Guinea Guinea-Bissau Guyana Haiti Heard Island and McDonald Islands Holy See (Vatican City State) Honduras Hong Kong Hungary Iceland India Indonesia Iran Iran, Islamic Republic of Iraq Ireland Isle of Man Israel Italy Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Korea Korea, Democratic People's Republic of Korea, Republic of Korea (South) Kuwait Kyrgyzstan Lao People's Democratic Republic Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macedonia, the former Yugoslav Republic of Madagascar Malawi Malaysia Maldives Mali Malta Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Moldova, Republic of Monaco Mongolia Montenegro Montserrat Morocco Mozambique Myanmar Namibia Nauru Nepal Netherlands Netherlands Antilles New Caledonia New Zealand Nicaragua Niger Nigeria Niue Norfolk Island Northern Mariana Islands Norway Oman Pakistan Palestinian Territory, Occupied Panama Papua New Guinea Paraguay Peru Philippines Pitcairn Poland Portugal Puerto Rico Qatar Republic of China Reunion Romania Russian Federation Rwanda Saint Barthélemy Saint Helena, Ascension and Tristan da Cunha Saint Kitts and Nevis Saint Lucia Saint Martin (French part) Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa San Marino Sao Tome and Principe Saudi Arabia Senegal Serbia Serbia and Montenegro Seychelles Sierra Leone Singapore Sint Maarten (Dutch part) Slovakia Slovenia Solomon Islands Somalia South Africa South Georgia and the South Sandwich Islands South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Swaziland Sweden Switzerland Syrian Arab Republic Taiwan Tajikistan Tanzania, United Republic of Thailand Timor-Leste Togo Tokelau Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Tuvalu Uganda Ukraine United Arab Emirates United Kingdom United States Minor Outlying Islands Uruguay Uzbekistan Vanuatu Venezuela, Bolivarian Republic of Vietnam Virgin Islands, British Wallis and Futuna Western Sahara Yemen Zambia Zimbabwe

Jan. 2000

Sales of rough diamonds in 1999 by De Beers reached $5.24 billion, 57% higher than the previous years’ total of $3.3 billion. Sales in the second half of 1999 were $2.8 billion, 70% higher than the same period the year before.

A De Beers statement noted that in 1998 the CSO reduced sales to the market to adjust to the continuing problems in Japan and South East Asia and disruption in the global financial markets. This left stocks at a low level at the start of 1999.

But then, things turned around, De Beers said, because of improvement in the major retail markets, with continuing strength in the U.S., increased polished diamond imports into Japan, some recovery in South East Asia and steady growth in Europe. The low level of stocks, together with increased sentiment throughout the diamond industry, enabled the CSO to increase its sales above the level of increased retail demand.

In addition to the general market recovery, the CSO has actively pursued a number of initiatives to increase sales, particularly of slow-moving stock (J-K colors) which had been adversely affected by the economic difficulties in Japan and South East Asia.

Analysts said the results were even higher than the consensus. After the news, De Beers share price rose 4%. It has more than doubled since the beginning of 1999.

Most analysts expect next year to be even stronger. Managing Director Gary Ralfe says he hopes De Beers will sell at least as many diamonds next year as it did this year. And while Japan did not fully recover this year, he thinks it could recover next year. De Beers also hopes the success of its “buy diamonds for the Millennium” campaign will underpin diamond sales in the year 2000.

Ralfe said that retail demand for diamonds in America increased more than 10% in the first ten months of the year. Total sales to Japan in 1999 in yen fell 3%, but rose in dollars.

Related Articles

Diamond jewelry demand grew to an all time record
Blog Archive

Diamond jewelry demand grew to an all time record

Historic Blue Diamond fetches $6.7 million
Blog Archive

Historic Blue Diamond fetches $6.7 million

Recap of the best diamond jewelry at Met Gala 2018
Blog Archive

Recap of the best diamond jewelry at Met Gala 2018