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Market NewsNewsDe Beers CEO upbeat despite lower FY sales performance

De Beers CEO upbeat despite lower FY sales performance

While De Beers CEO Bruce Cleaver sounded an upbeat note for the final sale of rough diamonds for the year, the full-year performance was well below the previous year’s, businesslive.co.za reported.

But some analysts forecast a strong rebound in 2018, said the businesslive.co.za report.

The provisional sales figure for the 10th and final sale of 2017 was $450m, the second-lowest total for the year in which the first sale reached $729m, a level that was not once challenged by subsequent sales. The 10th sale compared with $422m achieved in the same December period a year earlier and $466m in November 2017, the businesslive.co.za report said.

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