Financial News
De Beers Sales Up in Cycle 8, Signaling “Steady Improvement in Demand”
The miner raked in $467 million - a 36% increase year-over-year
20.10.2020
DE BEERS SELLS $520 OF ROUGH IN 4TH CYCLE
According to CEO Bruce Cleaver, demand for rough continues to be steady
Anglo American has announced the value of rough diamond sales for De Beers’ fourth sales cycle of 2017. According to the company, the miner sold rough amounting to $520 million.
Bruce Cleaver, CEO of De Beers, said: “We are continuing to see steady demand for rough diamonds, despite the industry entering a typically quieter season. Sentiment remains positive as we head towards the important Las Vegas trade show in early June”.
In the last cycle, De Beers sold rough diamonds worth $580 million. The miner sold $729 million during the first sales cycle, and $553 million during the second cycle of 2017.
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DE BEERS SELLS $520 OF ROUGH IN 4TH CYCLE
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