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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