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De Beers Rough Diamond Sales for Cycle 9 2017
De Beers' provisional sales value for the ninth cycle of the year, representing sales was US$455.0 million.
By: Diamond World News Service
|
Nov 18 2017 7:03PM
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Reference: 15805  

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De Beers Group has announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the ninth sales cycle of 2017.                                                                                                                                                                                     

  Cycle 9 2017 (provisional)1 Cycle 8 2017 (actual)2 Cycle 9 2016 (actual)
Sales value3 ($m)  455 376 476

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

Bruce Cleaver, CEO, De Beers Group, 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.”

Notes:

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.

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