Year-Over-Year Sales Up Slightly for De Beers

Year-Over-Year Sales Up Slightly for De Beers

Gaborone, Botswana–De Beers finished the year on a slightly stronger note with sales ahead of the same period last year.

On Tuesday, the diamond miner and marketer reported that rough diamond sales totaled $450 million in its 10th and final sales cycle of the year, up from $422 million in the same period last year.

The total includes rough diamonds sold to sightholders as well as those sold through the company’s auction platform.

CEO Bruce Cleaver said in a company release: “The 10th sales cycle of the year saw the continuation of good demand for De Beers rough diamonds as we head toward the end of 2017. Demand was broadly stable on the levels seen in cycle nine, with sales slightly ahead of the equivalent period in 2016.”

The company also revised its figure for the ninth sales cycle of the year upward, from the provisional figure of $455 million reported last month to $466 million.

Here is a table showing year-over-year comparisons for De Beers’s rough diamond sales through the 10th and final sales cycle of 2017.

2016    
2017  

First sales cycle                 
$545 million                 
$729 million          

Second
$617 million                        
$553 million

Third
$666 million
$586 million

Fourth
$636 million
$522 million

Fifth
$564 million
$530 million

Sixth
$528 million
$576 million

Seventh
$639 million
$507 million

Eighth
$494 million
$376 million

Ninth
$476 million
$466 million   

Tenth
$422 million
$450 million (provisional)

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