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Market NewsNewsDe Beers October sale totals $475 mn, vs $376 mn last year

De Beers October sale totals $475 mn, vs $376 mn last year

Press Release

16 October, 2018

DE BEERS ROUGH DIAMOND SALES FOR CYCLE 8, 2018

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

Cycle 8 2018

(provisional)

Cycle 7 2018

(actual)

Cycle 8 2017 (actual)
Sales value ($m) 475 503 376

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

Bruce Cleaver, CEO, De Beers Group, said: “While the Rupee-Dollar exchange rate has impacted demand for lower value categories, we continue to see steady overall demand for De Beers Group rough diamonds, reflecting ongoing consumer demand for diamond jewellery in the US.”

- ends -

1 Cycle 8 2018 provisional sales value represents sales as at 15 October 2018.

2 Cycle 7 2018 actual sales value is restated following the earlier publication of a provisional figure for the seventh 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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