South Africa: De Beers totals $630mln for seventh rough diamond sales cycle
Tuesday, 06 September 2016 17:22
De Beers Consolidated Mine, branch of Anglo American, announced it has totaled for its seventh cycle of rough diamond sales $630 million, thus beating sixth cycle’s $520 million. Over the seven sales cycles, the firm collected $4.19 billion.
“We saw healthy demand for our rough diamonds in Cycle 7, as manufacturers brought forward some of their demand in order to cut and polish rough diamonds in time for the important retail selling season,” said Bruce Cleaver, CEO of De Beers.
De Beers Consolidated Mine is the world’s largest diamond firm. It provides a third of the world’s rough diamonds production and employs more than 20,000 people. Its parent-company, Anglo American, is the 27th largest mining firm worldwide, PwC’s latest report shows.
Louis-Nino Kansoun
Live News
-
Kenya Central Bank Cuts Benchmark Rate for Ninth Straight Time
15:45
-
Launch of KESSA: The New Generation of African Storytellers Reshapes the Continent’s Narrative
15:34
-
AI Advances Into Moroccan Mining Exploration After Zambia and Botswana
15:24
-
Officials Reveal Rice Project on Track to Slash Import Bill and Meet Local Demand
15:19
-
Nigeria and Saudi Arabia Seal Five-Year Defence Pact
15:11
-
Cameroon Secures New Economic Push as UNDP and Brazil Back Women-Led and Agro-SME Growth
14:42
-
Cameroon Begins Process to Adopt New CEMAC PPP Directive, Aiming to Modernize Its Infrastructure Framewor
14:37
-
South Africa’s Capitec to Buy Walletdoc for $23.5 Million
14:15
-
Egypt’s MoneyHash, Saudi Amwal Tech to Expand Local Payment Options
14:12
-
Pan-African Fintech Ezeebit Raises $2.05 Million
14:08
Camtel to launch Blue Money in 2026, entering Cameroon’s crowded mobile money market led by MTN Mo...
Eritrea faces some of the Horn of Africa’s deepest infrastructure and climate-resilience gaps, lim...
Huaxin's $100M Balaka plant localizes clinker production, saving Malawi $50M yearly in f...
Nigeria seeks Boeing-Cranfield partnership to build national aircraft MRO centre Project aims t...
Omer-Decugis & Cie acquired 100% of Côte d’Ivoire–based Vergers du Bandama. Vergers du Band...
The Central Bank reduces its policy rate to 9%, marking a ninth consecutive cut. Inflation remains contained at 4.5%, within the 2.5%–7.5% target...
(FRENCH-AFRICAN FOUNDATION) - Story School, the communication school of Mohammed VI Polytechnic University (UM6P), in collaboration with the...
Nigeria and Saudi Arabia signed a renewable five-year MoU covering defence and military cooperation. The agreement expands collaboration on...
Cameroon and Japan advance rice programme improving yields and seed quality to cut reliance on costly imports. PRODERIP Phase III shows results...
Cameroon’s REPACI film festival returns Dec. 11-13 with 135 short films Events include screenings, masterclasses, panels on social cinema and...
Cidade Velha, formerly known as Ribeira Grande, holds a distinctive place in the history of Cape Verde and, more broadly, in the history of the Atlantic...