De Beers Group today announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the sixth sales cycle of 2017.
|Cycle 6 2017 (provisional)1||Cycle 5 2017 (actual)2||Cycle 6 2016 (actual)|
|Sales value3 ($m)||572||541||528|
Bruce Cleaver, CEO, De Beers Group, said: “The sixth sales cycle of the year maintained the trend of consistently good demand for De Beers rough diamonds across the product range.
“With Diwali being earlier than normal in 2017, we saw some demand from Indian diamantaires pulled forward from Sight 7. This was due to these customers needing to make rough diamond purchases in sufficient time to complete their polishing before the holiday begins.”
1 Cycle 6 2017 provisional sales value represents sales as at 31 July 2017.
2 Cycle 5 2017 actual sales value is restated following the earlier publication of a provisional figure for the fifth 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.