JOHANNESBURG (miningweekly.com) – Diamond miner De Beers reported revenue of $370-million for its eighth rough diamond sales cycle of this year.
This was lower than the $494-million in revenue earned in the eighth sales cycle of 2016.
CEO Bruce Cleaver noted, however, that sales were in line with expectations, at what is a seasonally slower time for rough diamond demand.
“De Beers offered fewer rough diamonds for sale in Cycle 8, reflecting the concurrent timing this year of the sight sale with the closure of polishing factories in India and Israel for the observance of religious holidays,” he said in a statement.
Edited by: Chanel de Bruyn
Creamer Media Senior Deputy Editor Online
EMAIL THIS ARTICLE SAVE THIS ARTICLE
ARTICLE ENQUIRY
To subscribe email subscriptions@creamermedia.co.za or click here
To advertise email advertising@creamermedia.co.za or click here