Anglo American rough diamond sales value for De Beers’ ninth sales cycle of 2017
14 November, 2017
Anglo American plc announces the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for De Beers’ ninth sales cycle of 2017, amounting to $455 million.
Bruce Cleaver, CEO of De Beers, said: “Following a seasonally quieter period for rough diamond sales, Cycle 9 saw an uptick in demand from our customers as retail orders increase ahead of the Christmas season.”
| Cycle 9 2017(1) (provisional) |
Cycle 8 2017(2) (actual) |
Cycle 9 2016 (actual) |
|
|---|---|---|---|
| Sales value(3) | $455m | $376m | $476m |
(1) Cycle 9 2017 provisional sales value represents sales as at 13 November 2017.
(2) Cycle 8 2017 actual sales value is restated following the earlier publication of a provisional figure for the eighth 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.