DeBeers Cycle shows firm-n-Steady diamond market!
Anglo
American rough diamond sales value for De Beers' seventh sales cycle of 2018 worth of US $505mn was lesser than Cycle 6 of
US $533mn. Looking at YoY, Cycle 7 of 2017 had been worth of US S507 is also
higher than the 2018!
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. Until Cycle 6, DeBeers total sales reached
US$3.4
billion in 2018 while 2017 sold total rough worth of US$5.2 billion was less
than 2016 of US$5.6 billion.
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.
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