trending Market Intelligence /marketintelligence/en/news-insights/trending/scRmj2pRKaXdtGR7papXWQ2 content esgSubNav
In This List

De Beers rough diamond sales total US$418M in 10th cycle

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Video

COVID-19 Impact & Recovery: Metals and Mining Outlook for H2 2021

Blog

Q&A: Data That Delivers - Automating the Credit Risk Workflow

Blog

Mining M&A in 2020 — Deal activity bounces back in H2 after disrupted H1


De Beers rough diamond sales total US$418M in 10th cycle

Anglo American Plc's diamonds subsidiary, De Beers SA, sold US$418 million worth of rough diamonds in its 10th sales cycle of 2016.

The ninth sales cycle in 2016 resulted in sales of US$476 million, while the 10th sales cycle in 2015 had sales of US$248 million, according to the Dec. 13 release.

De Beers CEO Bruce Cleaver said in the statement that India's demonetization program has caused a temporary slowdown in the trade for lower-value rough diamonds, but "overall sales remained in line with seasonal expectations."