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. ...