Cycle 9 remains lower than previous & YoY!

Anglo American rough diamond sales value
For De Beers' ninth sales cycle of 2018

Anglo American plc announces the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for De Beers' ninth sales cycle of 2018, amounting to $440 million.

Bruce Cleaver, CEO of De Beers Group, said: "As the industry's focus turns towards the key end of year retail selling season, rough diamond sales continued to be in line with expectation during the ninth cycle of the year. While demand for smaller, lower quality rough diamonds continues to see some challenges, the latest cycle saw some signs of improvement in this area as factories in India begin to reopen after Diwali."
Cycle 9 2018 (provisional)[1]
Cycle 8 2018
(actual)[2]
Cycle 9 2017 (actual)
Sales value[3]($m)
440
482
466

[1] Cycle 9 2018 provisional sales value represents sales as at 19 November 2018.
               
[2]Cycle 8 2018 actual sales value is restated following the earlier publication of a provisional figure for the eighth sales cycle of 2018.

[3]Sales values are quoted on a consolidated accounting basis. 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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