Anglo American plc announces the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for De Beers’ seventh sales cycle of 2017, amounting to $505 million.
Bruce Cleaver, CEO of De Beers, said: “As expected, rough diamond sales were somewhat lower in the seventh cycle of the year, with some midstream demand having already been brought forward into Cycle 6 due to Diwali being earlier than normal in 2017.
“Businesses in the diamond industry’s midstream segment are adopting a watchful approach as attention now turns to the Hong Kong Jewellery & Gem Fair in mid-September.”
| |
Cycle 7 2017(1)
(provisional) |
Cycle 6 2017(2)
(actual) |
Cycle 7 2016
(actual) |
| Sales value(3) |
$505m |
$576m |
$639m |
(1) Cycle 7 2017 provisional sales value represents sales as at 4 September 2017.
(2) Cycle 6 2017 actual sales value is restated following the earlier publication of a provisional figure for the sixth sales cycle of 2017.
(3) Sales values are quoted on a consolidated accounting basis and are before capitalisation of pre-commercial production revenues at Gahcho Kué. Auction Sales included in a given cycle are the sum of all sales between the end of the preceding cycle and the end of the noted cycle.