Anglo American rough diamond sales value for De Beers’ second sales cycle of 2020
04 March, 2020
Anglo American plc announces the value of rough diamond sales (Global Sightholder Sales and Auctions) for De Beers’ second sales cycle of 2020, amounting to $355 million.
Bruce Cleaver, CEO of De Beers Group, said: “Following an improvement in demand for rough diamonds during the first sales cycle of 2020, we recognised the impact of COVID-19 Coronavirus on customers focused on supplying the Chinese market and put in place additional targeted flexibility to enable customers to defer allocations of the relevant rough diamonds.”
| Cycle 2 2020(1) (provisional) |
Cycle 1 2020(2) (actual) |
Cycle 2 2019 (actual) |
|
|---|---|---|---|
| Sales value(3) | $355 | $551 | $496 |
(1) Cycle 2 2020 provisional sales value represents sales as at 03 March 2020.
(2) Cycle 1 2020 actual sales value is restated following the earlier publication of a provisional figure for the first sales cycle of 2020.
(3) Sales values are quoted on a consolidated accounting basis. Auction sales included in a given cycle are the sum of all sales between the end of the preceding cycle and the end of the noted cycle.