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Market NewsNewsDe Beers reduces sales volumes in September

De Beers reduces sales volumes in September

Press Release

11 September 2018

DE BEERS ROUGH DIAMOND SALES FOR CYCLE 7, 2018

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

Cycle 7 2018

 (provisional)

Cycle 6 2018

 (actual)

Cycle 7 2017     (actual)

Sales value

($m)

 505  533  507

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

Bruce Cleaver, CEO, De Beers Group, said: “De Beers Group provided Sightholders with the opportunity to re-phase the allocation of some smaller, lower value rough diamonds. Demand remains stable ahead of the September Hong Kong Jewellery & Gem Fair.”

- ends –

[1] Cycle 7 2018 provisional sales value represents sales as at 10 September 2018.

2 Cycle 6 2018 actual sales value is restated following the earlier publication of a provisional figure for the sixth 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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