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PRODUCTION REPORT

Q1 2017

Rough diamond production increased by eight per cent to 7.4 million carats, reflecting the contribution of Gahcho Kué in Canada, as well as increases in response to improved trading conditions.

DEBSWANA (BOTSWANA)

Production decreased marginally to 5.2 million carats. At Jwaneng, production decreased eight per cent due to expected lower grades, partly offset by Orapa, which increased five per cent due to higher grades.

DE BEERS CONSOLIDATED MINES
(SOUTH AFRICA)

Production increased 19 per cent to 1.1 million carats, largely as a result of higher grades at Venetia.

NAMDEB HOLDINGS (NAMIBIA)

Production increased six per cent to 472,000 carats due to marginally higher grade at Namdeb.

DE BEERS CANADA

Production increased significantly to 631,000 carats due to the contribution of Gahcho Kué, which reached commercial production on 2 March 2017.

SALES

Total rough diamond sales volumes in Q1 2017 were 14.1 million carats (13.7 million carats on a consolidated basis(2)) from three Sights, compared with 8.1 million carats (7.6 million carats on a consolidated basis(2)) from two Sights in Q1 2016.

In addition, this increase reflected stronger demand in Sight 1 2017, particularly for lower value goods in stock at 31 December 2016.

FULL YEAR GUIDANCE

Full year production guidance(1) remains unchanged at 31 to 33 million carats, subject to trading conditions.

PREVIOUS UPDATES

1 De Beers production is on a 100 per cent basis, except for the Gahcho Kué joint venture which is on an attributable 51 per cent basis.
2 Consolidated sales volumes exclude De Beers’ JV partners’ 50 per cent proportionate share of sales to entities outside The De Beers Group of Companies from the Diamond Trading Company Botswana and the Namibia Diamond Trading Company, and includes pre-commercial production sales volumes from Gahcho Kué.