De Beers sales rough worth US $575mn at Cycle 5

De Beers Group today announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the fifth sales cycle of 2018. Bruce Cleaver, CEO, De Beers Group, said: "Sentiment in the diamond industry’s midstream is positive following the JCK Las Vegas trade show at the start of the month, and we continued to see good demand for our rough diamonds across the product range."

 

Rough Sales	Cycle 5 2018 (provisional)1	Cycle 4 2018 (actual)2	Cycle 5 2017 (actual)
value3 ($m)	575	554	541

Notes to this table are shown at the bottom of this page

 

1 Cycle 5 2018 provisional sales value represents sales as at 25 June 2018.

2 Cycle 4 2018 actual sales value is restated following the earlier publication of a provisional figure for the fourth 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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