Anglo American has announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for De Beers’ ninth sales cycle of 2017, amounting to $455 million.
Bruce Cleaver, CEO of De Beers, said: “Following a seasonally quieter period for rough diamond sales, Cycle 9 saw an uptick in demand from our customers as retail orders increase ahead of the Christmas season”.
In its third quarter production report published in late October, Anglo American showed an increase of 46% in diamond production compared to the previous quarter. In volume, the miner produced 9.2 million carats. At De Beers, “stable trading conditions supported an increase in rough diamond production, driven principally by Debswana, and the ramp-up of Gahcho Kué”. Mark Cutifani, Anglo American Chief Executive, commented regarding the third quarter numbers, that the company has “delivered another strong production performance across our business […]”.
