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
-
Morocco, Australia Formalize Partnership on Climate-Smart Agriculture
05:49
-
After Côte d’Ivoire, Ghana Faces Cocoa Stock Build-Up as Prices Collapse
05:30
-
After Glencore’s Withdrawal, New Investor Steps Into Zanaga Iron Ore Project in Congo
05:13
-
Africa posts mixed rankingsin the 2025 corruption index, with a few bright spots at the top
04:19
-
Togo signs 5-year IAEA Agreement to expand peaceful use of nuclear technologies
20:33
-
Algeria Launches National Framework to Govern Public Data
20:27
-
Cameroon issues inaugural 15-year Treasury bond in CEMAC zone
20:25
-
Cameroon tightens gold controls, revokes non-compliant artisanal mining permits
20:10
-
Uptooyoo Builds Marketplace for Freelancers and Trades in South Africa
19:17
-
Cameroon launches consultations for tailored special economic zones in five regions
18:45
Deposits grow 2.7%, supporting lending recovery Average loan sizes small, credit risk persists ...
Oil majors expand offshore exploration from Senegal to Angola Gulf of Guinea accounts for about 1...
MTN is considering buying back telecom towers it sold years ago, signalling that control of infras...
Rwanda, partners break ground on $2 billion Kigali Innovation City Smart city targets ...
The BCEAO granted Semoa a level-3 “full service” payment institution license on January 27, 2026...
Morocco, Australia sign climate-smart agriculture research deal A$76 million program backs six-year Africa initiative Drought-hit Morocco seeks...
Ghana has 50,000 tonnes unsold cocoa at ports Cocoa prices fell from $13,000 to around $4,000 Traders face liquidity crunch; 300,000...
Africa remains the lowest-scoring region in Transparency International’s global corruption index, with only four countries exceeding the 50-point mark and...
Aircraft to modernize long-haul fleet, open US and Asia routes A350 cuts fuel use 25%, supports Egypt’s tourism growth strategy EgyptAir received an...
Porlahla Festival ends third edition in Kouto, promoting Senufo culture Event draws regional and international participants, boosting cultural...
Essaouira is a coastal city in Morocco, on the Atlantic Ocean, in the Marrakech–Safi region, about two and a half hours by road from Marrakech. It stands...