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De Beers, the world's largest producer of rough diamonds by value, reported a drop in its July sales, which were the second lowest of the year so far, reaching $ 530 million provisionally.
Annual sales, and the sixth event of the year realized revenues well below $ 576 million for the same period in 2017 and $ 581 million at the fifth sale
"In the sixth year round The diamonds have been meeting expectations during the quieter summer season for the median sector of the industry, "said CEO Bruce Cleaver
Since the beginning of the year De Beers sold $ 3.424 billion worth of rough diamonds behind the sales recorded in the first six sales of 2017.
The lowest sales figure for 2018 was in the third sale, when De Beers realized 524 Millions of Dollars.
In its recently released provisional results, De Beers noted it had sold 17.85 million carats for the first half of 2018, down from 18.4 million carats sold the same p period a year earlier The turnover remained stable at $ 2.9 billion
The average selling price rose 4% to $ 162 per carat.
De Beers cleaned up smaller quantities of diamonds in the first half of 2017 in the Indian market, where demand was moderated due to the demonetization program introduced in November 2016.
De Beers has a more low-value diamonds in its production range, with the Gahcho Kue mine in Canada reaching steady production and Orapa in Botswana delivering a relatively large amount of these diamonds.
De Beers maintained its annual production target of 34 to 36 million carats.
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