Rapaport News



Rapaport Broadcast
Martin Rapaport’s Webinar on Estate Jewelry
October 30 2019

Advanced search
Latest Articles
Rough Markets
Polished Markets

New Mine Drives De Beers Production

Rough Price Index Rises 3% in 2017
Jan 25, 2018 5:29 AM   By Rapaport News
Print Print Facebook Facebook Twitter Twitter Share Share

RAPAPORT... De Beers production jumped 22% to 33.5 million carats in 2017, driven mainly by increased output from its Gahcho Kué and Orapa mines, the company reported Thursday.

The Gahcho Kué mine, in which De Beers has a 51% stake, launched operations in late 2016, and has been operating at intended capacity since the second quarter of last year. De Beers’ share of production at the Canada-located operation amounted to 3 million carats for the year. Meanwhile, production at Botswana’s Orapa mine grew 28% to 10.2 million carats, after the company reopened a plant that had been on care and maintenance during the weak trading environment in 2015.

De Beers’ total sales volume rose 10% to 35.1 million carats, with its average rough price index increasing 3% for the year. However, the average price achieved fell 13% to $162 per carat, reflecting strong demand for lower-value goods at the beginning of 2017 as the market recovered from the impact of India’s November 2016 demonetization policy.
Tags: Botswana, Canada, De Beers, Gahcho Kué, India’s demonetization policy, Orapa, Rapaport News, rough-diamond production
Similar Articles
Lucapa Lulo 150Lucapa Eyes Increased Share in Lulo
Nov 28, 2019
Lucapa Diamond Corporation is in advanced discussions withthe Angolan government to secure...
Emerald Demand Buoyant at Gemfields Rough Sale
Letšeng Yields Two Diamonds Above 100ct.
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First

Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
twitter twitter
About Rapaport
Advertise with us