https://www.miningweekly.com
Africa|Botswana|Cutting|Diamonds|Operations
Africa|Botswana|Cutting|Diamonds|Operations
africa|botswana|cutting|diamonds|operations

De Beers’ final sales cycle for 2018 ends on a high

18th December 2018

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

Font size: - +

Diamond miner De Beers sold $540-million worth of diamonds in the tenth sales cycle of this year, bringing its total sales for the year to about $5.39-billion.

The most recent sight yielded the strongest results for a final sales event in at least three years and compares with $455-million worth of diamonds sold in cycle ten of 2017 and $422-million sold in the same period of 2016.

The sales also exceeded the $442-million of the ninth cycle of 2018.

CEO Bruce Cleaver commented in a media statement that the rough diamond sales during the final cycle of 2018 were in line with expectations.

He also reported that cutting and polishing factories in India had restarted their operations following the Diwali holiday.

The Anglo American-owned group previously reported that demand for smaller, lower-quality rough diamonds were experiencing some pressures.

De Beers owns mines in South Africa, Botswana, Namibia and Canada.

Edited by Creamer Media Reporter

Comments

Showroom

SAIMC (Society for Automation, Instrumentation, Mechatronics and Control)
SAIMC (Society for Automation, Instrumentation, Mechatronics and Control)

Education: Consulting with member companies to obtain the optimal benefits from their B-BBEE spending, skills resources as well as B-BBEE points

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 03 May 2024
Magazine round up | 03 May 2024
3rd May 2024
Resources Watch
Resources Watch
2nd May 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.13 0.17s - 108pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: