Anglo American has announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for De Beers’ fourth sales cycle of 2018, amounting to $550 million. Cycle 3 amounted to $520 million. Cycle 2 amounted to $555 million. In the first cycle of the year, De Beers raked in $665 million.
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 jewelry, especially from American consumers as we head towards the important JCK Las Vegas trade show at the start of June”.
In 2017, De Beers’ revenue fell 4% to $5.8 billion. The fall, according to De Beers, was “expected, given the benefit of strong midstream restocking in the first half of 2016”. For 2018, De Beers expects to produce 34-36 million carats.
