De Beers reported a 15% increase in rough diamond production to 8.5 million carats in the first quarter of 2018, reflecting the ramp-up of production from Gahcho Ku\u00e9 in Canada and increased production from Orapa in Botswana in response to the sustained healthy trading conditions.<\/p>\n\n\n\n
In Botswana, Debswana\u2019s Q1 production increased 12% to 5.8 million carats. At Orapa, constituting the Orapa Regime, which includes Orapa, Letlhakane and Damtshaa, production increased 26% to 2.8 million carats mainly due to an increase in tonnes treated in response to sustained healthy trading conditions.<\/p>\n\n\n\n
Namibia\u2019s Namdeb Holdings saw production increase 12% to 0.5 million carats as a result of accessing consistently higher grades at the land-based operations.<\/p>\n\n\n\n
In South Africa, DBCM\u2019s production was in line with the first quarter of 2017 at 1.1 million carats.<\/p>\n\n\n\n
De Beers\u2019 Canadian production increased by 69% to 1.1 million carats due to the ramp-up of Gahcho Ku\u00e9, which reached nameplate capacity in the second quarter of 2017.<\/p>\n\n\n\n
Total rough diamond sales volumes in the first quarter of 2018 were 8.8 million carats (8.4 million carats on a consolidated basis) from two sights, compared with 14.1 million carats (13.7 million carats on a consolidated basis) from three sights in the first quarter of 2017. In addition to the difference in the number of sights over the period, sight 1 2017 also saw an unusually strong demand for lower value goods following the effects of Indian demonetisation in the fourth quarter of 2016, leading to higher than normal sales volume.<\/p>\n\n\n\n
De Beers said its full-year production guidance remains unchanged at 34-36 million carats, subject to trading conditions.<\/p>\n","protected":false},"excerpt":{"rendered":"
De Beers reported a 15% increase in rough diamond production to 8.5 million carats in the first quarter of 2018, reflecting the ramp-up of production from Gahcho Ku\u00e9 in Canada and increased production from Orapa in Botswana in response to the sustained healthy trading conditions. In Botswana, Debswana\u2019s Q1 production increased 12% to 5.8 million…<\/p>\n","protected":false},"author":1,"featured_media":7626,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[96,100],"tags":[],"thb-sponsors":[],"class_list":["post-7625","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-diamonds","category-in-focus"],"acf":[],"yoast_head":"\n