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RAPAPORT … The sales volume and production of De Beers have risen sharply
In the second quarter, in a context of high activity, the miner's parent company
reported Thursday.
Sales of rough diamonds rose 69% to 10 million carats
Three months ending June 30, said Anglo American. The increase of 5.9 million
carats a year ago reflects the resurgent demand, as well as the fact that De Beers
held three sites during the quarter rather than two.
"Sales volumes benefited from a positive sentiment in
intermediate after the growth of consumer demand for diamond jewelry at the end of 2017,
and a continued positive outlook, "said Anglo.
De Beers' average selling price increased 4% to $ 162 per carat
first half, reflecting a 1.6% year-over-year increase in the gross price of the miner
index, which controls the cost of its assets for customers on a like-for-like basis.
Demand has also shifted to higher value goods after demonetisation
The year 2016 has resulted in a strong demand for small gross in the first quarter of 2017. Sales
volume decreased by 6% to 18.8 million carats in the first six months of 2018, as demand after demonetization has inflated figures from the previous year.
Production increased by 3% to 9 million carats in the second quarter
of 2018, and jumped 8% to 17.5 million carats for the semester, as De Beers
production raised to meet higher demand. The increase also reflects the addition
of the Gahcho Kué mine in Canada, which has reached its expected level of production –
known as commercial production – in March 2017.
Debswana, De Beers Joint Mining Company with Botswana
Government, increased production by 6% to 6.3 million carats for the quarter
in response to trading conditions. Production in Canada increased 17% to 1.2 million
karats that Gahcho Kue came to class, with recovery levels in Namibia up 32% at
515,000 carats due to higher ratings in ground projects and improvements
its marine mining operations. Production in South Africa fell by 28% to 1
million carats after a fatal incident at the Venetia mine in March
suspension period.
The company has maintained its 2018 production forecast
34 million to 36 million carats, against 33.5 million carats last year.
Image: De Beers
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