Although this figure is provisional, the last De Beers sales cycle was lower than the previous one. In the first in 2017 Site diamond company received $ 729 million.
"We continue to see good demand for our product range in the second sales cycle, which was consistent with our expectations for this period of the year," said Chief Executive Officer of De Beers Bryus Cleaver ( bruce Cleaver).
"Sentiment remains positive to the Hong Kong International Jewelery Show this week, which is known as an important barometer of confidence in trade", - he added.
In January 2017 De Beers was able to achieve the highest sales figures since April 2016, when they amounted to $ 666 million.
Cleaver last month said the group companies there is a good demand for most of its range in the first cycle of sales, as the industry entered at a time when demand for diamonds has traditionally been strong.
He also said that although the discovery of some of the cutting and polishing companies in India has led to increased consumption of smaller diamonds of lower quality, De Beers has kept a cautious outlook for these categories, as the Indian industry continues to adapt to the situation after the demonetization.
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According to the report of LVMH Moët Hennessy Louis Vuitton, the data from which the Rapaport portal cites, the company's revenues increased to $ 28.8 billion in the first nine months of 2015, while sales of watches and jewelry grew by 22%.
Jewelry and watch sales were $ 2.7 billion in the first nine months of the year, an increase of 22% over the previous year. These sectors showed the strongest growth among all types of business LVMH. Following them are alcohol sales and selective retail trade, which increased by 19% during the reporting period.
The second quarter was the strongest of the three quarters of 2015 in terms of growth of the jewelry and watch divisions of the company, an increase of 13% compared to the second quarter of 2014, to $ 942.7 million.
Quarterly revenues of the sectors in the first quarter increased by 7% to $ 822 million, and in the third quarter - by 11%, to $ 968 million. Meanwhile, the division of the company selling jewelery and premium products Bulgari "showed particularly good results, showing growth in all categories Products in all regions of the world. " The watch brand Hublot grew at a high rate and with the opening of the second plant in Switzerland increased its production capacity. It was also reported that TAG Heuer continued to develop one of the key projects to create smart watches, over which it works together with Google and Intel, and which will be released in November.
LVMH was informed that the company will continue the strategy focused on "innovation and targeted geographic expansion in the most promising markets," and, That the company will "rely on the strength of its brands and the talents of its employees to further expand its global leadership in the premium product market in 2015."
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