Market NewsNewsDe Beers sells $555 mn in February, vs $672 in January 2018

De Beers sells $555 mn in February, vs $672 in January 2018

Press Release

De Beers rough diamond sales for Cycle 2, 2018

06 Mar 2018

De Beers Group today announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the second sales cycle of 2018.

  Cycle 2 2018 (provisional)1 Cycle 1 2018 (actual)2 Cycle 2 2017 (actual)
Sales value3 ($m)  555 672 553

Notes to this table are shown at the bottom of this page.

Bruce Cleaver, CEO, De Beers Group, said: "The second sales cycle of the year saw the continuation of good rough diamond demand. This was in line with expectations, following strong retail sales of diamond jewellery during the US holiday season and positive early signs for consumer demand over Chinese New Year."

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1 Cycle 2 2018 provisional sales value represents sales as at 5 March 2018.

2 Cycle 1 2018 actual sales value is restated following the earlier publication of a provisional figure for the first sales cycle of 2018.

3 Sales values are quoted on a consolidated accounting basis and are before capitalisation of pre-commercial production revenues at Gahcho Kué. Auction Sales included in a given cycle are the sum of all sales between the end of the preceding cycle and the end of the noted cycle.

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