Anglo American rough diamond sales value for De Beers’ seventh sales cycle of 2017
05 September, 2017
Anglo American plc announces the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for De Beers’ seventh sales cycle of 2017, amounting to $505 million.
Bruce Cleaver, CEO of De Beers, said: “As expected, rough diamond sales were somewhat lower in the seventh cycle of the year, with some midstream demand having already been brought forward into Cycle 6 due to Diwali being earlier than normal in 2017.
“Businesses in the diamond industry’s midstream segment are adopting a watchful approach as attention now turns to the Hong Kong Jewellery & Gem Fair in mid-September.”
| Cycle 7 2017(1) (provisional) |
Cycle 6 2017(2) (actual) |
Cycle 7 2016 (actual) |
|
|---|---|---|---|
| Sales value(3) | $505m | $576m | $639m |
(1) Cycle 7 2017 provisional sales value represents sales as at 4 September 2017.
(2) Cycle 6 2017 actual sales value is restated following the earlier publication of a provisional figure for the sixth sales cycle of 2017.
(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.