Rapaport News


Rough Markets


Advanced search
Latest Articles
Rough Markets
Polished Markets

De Beers July Sales Total $520M

Aug 2, 2016 4:10 AM   By Rapaport News
Print Print Facebook Facebook Twitter Twitter Share Share
RAPAPORT... De Beers sold $520 million of rough diamonds at its latest sales cycle as the miner reported “positive” sightholder sentiment but maintained a cautious outlook for the rest of the year.

The revenue figure for the diamond miner’s sixth sales cycle of 2016 compares with $308 million estimated by Rapaport News for the equivalent period a year ago. However, sales declined sequentially from a revised $564 million in the fifth cycle in June.

“This is an encouraging sales performance for this point in the year, supported by positive sentiment from our customers,” said Bruce Cleaver, De Beers newly appointed chief executive (pictured). “We maintain a cautious outlook for the remainder of 2016.”

The sales total includes last week’s sight in Gaborone, Botswana, as well as auction revenue and supply to beneficiation and government partners. De Beers holds 10 sights in a year.
Tags: Bruce Cleaver, De Beers, Rapaport News, rough, Rough Diamonds, rough sales, sight, sighthodlers, Sights
Similar Articles
Letseng diamondsLetšeng Prices Exceed Pre-Pandemic Levels
Oct 28, 2020
Gem Diamonds’ sales rose sharply in the third quarter as rough...
De Beers Delays New Sightholder Contract
Alrosa Extends Supply Contract to March 2021

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