Anglo American plc announces the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for De Beers’ seventh sales cycle of 2018, amounting to $505 million.
Bruce Cleaver, CEO of De Beers Group, said: “De Beers Group provided Sightholders with the opportunity to re-phase the allocation of some smaller, lower value rough diamonds. Demand remains stable ahead of the September Hong Kong Jewellery & Gem Fair.”
| |
Cycle 7 2018(1)
(provisional) |
Cycle 6 2018(2)
(actual) |
Cycle 7 2017
(actual) |
| Sales value(3) |
$505m |
$533m |
$507m |
(1) Cycle 7 2018 provisional sales value represents sales as at 10 September 2018.
(2) Cycle 6 2018 actual sales value is restated following the earlier publication of a provisional figure for the sixth sales cycle of 2018.
(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.