However, total revenue increased by De Beers 30% to $ 6.1 billion in 2016 to $ 4.7 billion in 2015, due to an increase in rough diamond sales, which increased by 37% to $ 5.6 billion compared with $ 4, 1 billion a year earlier.
The Anglo American said that such parameters are associated with a 50 per cent increase in consolidated net sales to 30.0 million carats against 19.9 million carats in 2015. Meanwhile, the average price per carat of diamonds fell from $ 207 in 2015 to $ 187 in 2016.
Anglo American which has a 85 percent stake in De Beers, said that the decline in production was due to the adoption in 2015, the decision to reduce the production of diamonds in response to a negative terms of trade.
Of Debswana, a joint venture between De Beers and the Botswana is reported to keep production close to the level of the previous year, in the amount of 20.5 million carats, against 20.4 million carats in 2015.
The Anglo reported that extraction Namdeb Holdings diamond decreased by 11% to 1.6 million carats, with 1.8 million carats a year earlier, owing to the drop in production Debmarine Namibia and a lower content of diamond in the rock at Namdeb projects.
Production in South Africa fell by 9% to 4.2 million carats, compared with 4.7 million carats in 2015, mainly due to the completion of the sale Kimberley Mines in January 2016. Meanwhile, the decline was somewhat offset by increased production on the project in Venice (Venetia) by 12%.
As stated in the company, the construction of the underground mine Venice continued, and, as expected, the underground operation will be the main source of the project with 2023 diamonds.
The volume of De Beers diamond mining also declined by 45% in Canada and 1.0 million carats in 2016 compared to 1.9 million carats in 2015 due to the mine's premises Snap Lake (Snap Lake) on care and maintenance in December 2015 .
Production at the Victor project (Victor) fell 7% to 600,000 carats, while the commissioning of the project Gacho Quay (Gahcho Kué) was completed on schedule, and the stage of industrial production is expected to be achieved during the first quarter 2017, said in Anglo.
The company also noted that the macroeconomic environment, underlying consumer demand for diamonds, remained broadly stable, while the US is expected to continue to be the main driver of global growth in demand in 2017.
"The scale of the global growth in demand, however, will depend on a number of macroeconomic factors, including the new administration's actions in the United States, a stronger US dollar and its impact on consumer demand, economic indicators in China, the impact of demonetization in India, and the mood in the festive season in the United States and China ", - continued the company.
"Since the stocks in diamond cutting segment in 2016 are almost back to normal, the demand for diamonds is expected to normalize in 2017, indicating an increase in the retail and consumer demand for diamonds," - concluded the Anglo.
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Three companies - Diarough, Jewelex and Kiran Gems, owned by Indian entrepreneurs, presented their offices in Latin America in the Panama Diamond Exchange (PDE) building at the World Jewelry Hub (WJH), gjepc.org reports. .
Each of the offices is headed by a representative of Panama. Offices have officially started operating in Latin America.
Diarough, established in Antwerp in 1972, is a manufacturer of diamonds and jewelry, and a leading wholesale supplier of diamonds. She owns a number of offices and factories around the world. The company's office in Panama is headed by Leon Nevedrov.
Jewelex, established in Mumbai in 1966, is a vertically integrated company, Engaged in the creation and trade of diamonds and jewelry, whose activities are concentrated in several large centers of production and trade. Her office in Panama is headed by Sharon Schwartz.
Kiran Gems, which was established in Mumbai in 1985, today is considered the world's largest producer of diamonds, and cuts about 1.6 million carats of diamonds per year.
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