DeBeers Clocks $550 Million in Fourth Sales Cycle Of 2018
In its fourth sales cycle in 2018, for rough diamonds (Global Sightholder Sales and Auction Sales), the De Beers Group announced clocking provisional revenues worth $550 million. This was higher than the actual revenues of the third sales cycle which were at $524 million and also above the $522 million revenues in the actual fourth sales cycle of 2017.
The Cycle 4 value is for sales as at 21 May 2018.
According to Bruce Cleaver, CEO, De Beers Group, during the said fourth sales cycle, “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.”
About De Beers Group
De Beers Group is a member of the Anglo American plc group. Established in 1888, De Beers Group is the world’s leading diamond company with expertise in the exploration, mining and marketing of diamonds. Together with its joint venture partners, De Beers Group employs more than 20,000 people across the diamond pipeline and is the world’s largest diamond producer by value, with mining operations in Botswana, Canada, Namibia and South Africa. As part of the company’s operating philosophy, the people of De Beers Group are committed to ‘Building Forever’ by making a lasting contribution to the communities in which they live and work, and transforming natural resources into shared national wealth. For further information about De Beers Group, visit www.debeersgroup.com.