Anglo American plc announces the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for De Beers’ ninth sales cycle of 2017, amounting to $455 million.
Bruce Cleaver, CEO of De Beers, said: “Following a seasonally quieter period for rough diamond sales, Cycle 9 saw an uptick in demand from our customers as retail orders increase ahead of the Christmas season.”
| |
Cycle 9 2017(1)
(provisional) |
Cycle 8 2017(2)
(actual) |
Cycle 9 2016
(actual) |
| Sales value(3) |
$455m |
$376m |
$476m |
(1) Cycle 9 2017 provisional sales value represents sales as at 13 November 2017.
(2) Cycle 8 2017 actual sales value is restated following the earlier publication of a provisional figure for the eighth 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.