De Beers rough diamond sales shrinks for Cycle 6
Anglo American plc announces the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for De Beers' sixth sales cycle of 2018, amounting to $530 million.
Bruce Cleaver, CEO of De Beers Group, said: "In the sixth sales cycle of the year, demand for De Beers rough diamonds was in line with expectations during the seasonally quieter summer period for the industry's midstream sector."
Cycle 6 2018(1) (provisional) | Cycle 5 2018(2) (actual) | Cycle 6 2017 (actual) | |
Sales value(3) | $530m | $581m | $576m |
(1) Cycle 6 2018 provisional sales value represents sales as at 30 July 2018.
(2) Cycle 5 2018 actual sales value is restated following the earlier publication of a provisional figure for the fifth 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.
