Anglo American rough diamond sales value for De Beers’ seventh sales cycle of 2016
06 September, 2016
Anglo American plc announces the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for De Beers’ seventh sales cycle of 2016, amounting to $630 million, compared with the $528 million value of the sixth sales cycle of 2016.
Bruce Cleaver, CEO of De Beers, said: “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.”
| Cycle 7 2016(1) (provisional) | Cycle 6 2016(2) (actual) | |
|---|---|---|
| Sales value(3) | $630m |
$528m |
(1)Cycle 7 2016 provisional sales value represents sales as at 5 September 2016.
(2)Cycle 6 2016 actual sales value is restated following the earlier publication of a provisional figure for the sixth sales cycle of 2016.
(3)Sales value is quoted in terms of sales by De Beers Global Sightholder Sales and De Beers Auction Sales, and reported 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.