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
-
Guinea Targets 2 Million New Readers by 2040 With New Drive
08:59
-
Ilorin Innovation Hub Unveils First Acceleration Program for African Startups
08:39
-
AfCFTA, Google Launch Training Program for 7,500 African SMEs
08:37
-
Orange Mali to Roll Out 300 New 4G Sites Under €80M IFC Loan
08:31
-
With 119 Million Young Consumers, Africa’s Gen Z Is Set to Reshape the Retail Market
07:47
-
MTN Cameroon Revenue Up 20.4% in First Nine Months of 2025
06:47
-
Togo Set to Adopt New Labour Agreement After Employers, Unions Strike Deal
05:31
-
Togo’s Gnassingbé to Hold Cooperation Talks With Putin in Moscow
05:26
-
Algeria Hires Sinopec for $437M Arzew Refinery Unit to Double Gasoline Output
05:19
-
Kenya Announces $850M Development Push for Eastern Counties
05:12
DRC met Alibaba, Isoftstone to discuss adapting China’s e-commerce model Joint working group ...
The new unified platform replaces the NIBSS Instant Payments system. It connects banks, finte...
DRC minister visited Huawei China center to boost AI training cooperation Talks focused on launch...
Ghana to allocate $2.8B in 2026 budget for major road infrastructure push Funding targ...
Somalia and Algeria signed multiple agreements covering education, agriculture, energy, diplomacy,...
Updated manual modernizes methods, clarifies NGO and local authority roles 68% illiteracy persists; women in rural areas most affected, officials...
Gen Z set to drive Africa’s retail growth, says BCG consumer survey Young consumers prioritize quality, global brands, and hybrid shopping...
Sonatrach signs $437M deal with Sinopec for Arzew refinery upgrade New unit to boost gasoline output from 550,000 to 1.2M tonnes yearly...
Ruto announces $850M plan for housing, roads, and markets in three counties Funds to build 44,000 homes, upgrade 600 km of roads, complete a...
Singita will invest $60m to build a 60-bed lodge on Santa Carolina Island and $42m in projects across the Bazaruto Archipelago. The...
The Okapi Wildlife Reserve, located deep within the Ituri Forest in the northeastern Democratic Republic of Congo, stands as one of the Congo Basin’s most...