Financial News
LVMH Promises to Go Ahead With Tiffany Purchase Despite Profit Plunge
Profits were hurt by travel restrictions imposed by COVID-19
06.08.2020
DE BEERS OFFERS CUSTOMERS FLEXIBILITY AS SALES SLIP IN 8TH CYCLE
De Beers’ 8th sales cycle of 2019 amounted to $295 million - a 39% drop year over year
Anglo American has announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for De Beers’ 8th sales cycle of 2019, amounting to $295 million.
In the corresponding 8th cycle of 2018, De Beers’ diamond sales amounted to $482 million, which means a 39% drop year-on-year in sales figures. In the 7th cycle of 2019, De Beers’ diamond sales totaled $287 million.
Bruce Cleaver, CEO, De Beers Group, said: “As we approach what is traditionally a quieter time of year for the diamond industry during the Diwali holiday, we have again offered our customers flexibility during this sales cycle”.
More News
- Financial News
De Beers’ Diamond Production Drops 54% in Q2 2020
The fall is mainly attributed to “the Covid-19 lockdowns in southern Africa”20.07.2020 - Financial News
De Beers and Alrosa Announce Their Sales for May
Both companies remain committed to to their price-over-volume strategy15.06.2020 - Financial News
Alrosa’s April Sales Down, But Demand for Diamond Expected to Jump in Q3
In April, the miner has remained “committed to its price over volume strategy”19.05.2020 - Financial News
Strong Start: Alrosa’s Diamond Sales Increase 15% in Q1 2020
The miner’s revenue from rough and polished diamond sales totaled $904 million20.04.2020 - Financial News
Gem Diamonds Raises $12.1 Million Through Flexible Tender Sale
The sale “maintains revenue and cash flow during the global pandemic”07.04.2020
Most Popular
- Financial News
DE BEERS SELLS $520 OF ROUGH IN 4TH CYCLE
According to CEO Bruce Cleaver, demand for rough continues to be steady17.05.2017 - Financial News
FANCY PINK DIAMOND SHATTERS AUCTION RECORD AT BONHAMS
A fancy pink diamond weighing 5.03 carats raked in in $583,551 per carat30.09.2018 - Financial News
ALROSA’S NINE MONTHS PROFIT SLASHED BY ALMOST HALF
The slash in profits is due to an appreciation of the ruble and a decrease in diamond prices19.11.2017