Headlines

De Beers Reports Huge Increase in Sales Volume

Published

7 years ago

January 26, 2017

INSTORE Staff

Sales totaled 32 million carats.

De Beers experienced significantly higher sales volume last year compared with 2015, Rapaport News reports.

Rough diamond sales totaled 32 million carats, compared with just under 20 million the prior year.

De Beers parent Anglo American stated that the more than 50 percent sales volume increase was because of lower polished inventory and decreased rough prices, according to Rapaport.

De Beers reported an average price per carat of $187. That represented a 10 percent decrease from 2015.

In the final quarter of 2016, De Beers’ production was up 10 percent compared with the same period in 2015, according to Reuters. The news agency reports that “output was boosted in line with improved trading conditions relative to a difficult 2015.”

For the full year, however, production was down 10 percent, Rapaport notes.

Read more at Rapaport and Reuters

When There’s No Succession Plan, Call Wilkerson

Bob Wesley, owner of Robert C. Wesley Jewelers in Scottsdale, Ariz., was a third-generation jeweler. When it was time to enjoy life on the other side of the counter, he weighed his options. His lease was nearing renewal time and with no succession plan, he decided it was time to call Wilkerson. There was plenty of inventory to sell and at first, says Wesley, he thought he might try to manage a sale himself. But he’s glad he didn’t. “There’s no way I could have done this as well as Wilkerson,” he says. Wilkerson took responsibility for the entire event, with every detail — from advertising to accounting — done, dusted and managed by the Wilkerson team. “It’s the complete package,” he says of the Wilkerson method of helping jewelers to easily go on to the next phase of their lives. “There’s no way any retailer can duplicate what they’ve done.”