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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)1 | Cycle 7 2018 (actual)2 | Cycle 8 2017 (actual) | |
| Sales value3 ($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.”
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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. 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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About De Beers Group
De Beers Group is a member of the Anglo American plc group. Established in 1888, De Beers Group is the world’s leading diamond company with expertise in the exploration, mining and marketing of diamonds. Together with its joint venture partners, De Beers Group employs more than 20,000 people across the diamond pipeline and is the world’s largest diamond producer by value, with mining operations in Botswana, Canada, Namibia and South Africa. As part of the company’s operating philosophy, the people of De Beers Group are committed to ‘Building Forever’ by making a lasting contribution to the communities in which they live and work, and transforming natural resources into shared national wealth. For further information about De Beers Group, visit www.debeersgroup.com.