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
-
Syrah Resources' Balama Mine Delivers 26,000 Tonnes in Q3 Restart
10:14
-
Hydropower, a Clean Energy Giant, Is Sidelined, IEA Chief Says
07:56
-
Djibouti Grants 30-Year Port Deal to Saudi Firm in Hub Strategy
07:49
-
Mozambique Gas: TotalEnergies' New $24.5 Billion Challenge
07:31
-
Senegal Kicks Off Second National Hackathon to Improve Public Services
06:30
-
Morocco Scales Up Regional Digital Entrepreneurship with New Partnership in Rabat-Salé-Kénitra
06:24
-
Algeria Appoints Expert Panel to Accelerate Digital Overhaul
05:59
-
Ecobank Togo, Mixx Roll Out Interoperability Service for Seamless Transfers
05:42
-
South Africa’s Kuunda expands digital lending for African small businesses
05:27
-
Togo launches project to rehabilitate 10 km of major roads in Lomé
04:56
Sonatel is a major telecom company in West Africa that investors trust, offering steady growth and...
Cameroon's Constitutional Council declared Paul Biya the winner of the presidential election, secu...
Wave launches Wave Bank Africa in Côte d'Ivoire with $32M capital Move follows €117M fu...
ECOWAS will integrate AI into its early warning systems to strengthen crime prevention and intelli...
NGE wins two contracts for sanitation, coastal protection in Senegal Projects target Dakar’s Hann...
Djibouti grants RSGT 30-year deal to develop Port of Tadjourah Project aims for 5M-ton capacity, links to Ethiopia’s trade corridors Plan includes...
TotalEnergies, while announcing a $4.5 billion increase in the cost of its Mozambique gas project, requested a 10-year extension to its concession....
Prime Minister Ousmane Sonko’s announcement to cut electricity, gas, and fuel prices aims to provide relief for households. While the decision was...
Standard Bank lends $45M to PepsiCo bottlers in Kenya, Uganda Loans aim to boost production, local sourcing, and supply chains PepsiCo targets...
The Eyo Festival, also known as the Adamu Orisha Play, stands among the most iconic cultural events in Lagos, Nigeria. This traditional Yoruba procession,...
Asmara, the capital of Eritrea, is often described as Africa’s modern city for its remarkable architectural heritage and forward-thinking urban design....