US$550 million (provisional)
Annual rough diamond sales value
2018: US$2.3 billion (to Cycle 4)
2017: US$5.2 billion
2016: US$5.6 billion
Bruce Cleaver, CEO, De Beers Group, said: “In the fourth sales cycle of the year we saw robust demand for De Beers’ rough diamonds, reflecting continued strong demand for diamond jewellery, especially from American consumers as we head towards the important JCK Las Vegas trade show at the start of June.”
Cycle 4 2018 provisional sales value represents sales as at 21 May 2018.
Cycle 3 2018 actual sales value is restated following the earlier publication of a provisional figure for the third sales cycle of 2018.
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.