Anglo American rough diamond sales value for De Beers’ eighth sales cycle of 2018
16 October, 2018
Anglo American plc announces the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for De Beers’ eighth sales cycle of 2018, amounting to $475 million.
Bruce Cleaver, CEO of De Beers Group, said: “While the Rupee-Dollar exchange rate has impacted demand for lower value categories, we continue to see steady overall demand for De Beers Group rough diamonds, reflecting ongoing consumer demand for diamond jewellery in the US.”
| Cycle 8 2018(1) (provisional) |
Cycle 7 2018(2) (actual) |
Cycle 8 2017 (actual) |
|
|---|---|---|---|
| Sales value(3) | $475m | $503m | $376m |
(1) Cycle 8 2018 provisional sales value represents sales as at 15 October 2018.
(2) Cycle 7 2018 actual sales value is restated following the earlier publication of a provisional figure for the seventh sales cycle of 2018.
(3) Sales values are quoted on a consolidated accounting basis. 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.