Anglo American rough diamond sales value for De Beers’ tenth sales cycle of 2016
13 December, 2016
Anglo American plc announces the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for De Beers’ tenth sales cycle of 2016, amounting to $418 million, compared with the $476 million value of the ninth sales cycle of 2016.
Bruce Cleaver, CEO of De Beers, said: “We continued to see good demand for De Beers rough diamonds in our latest sales cycle. While the trade in lower value rough diamonds is experiencing a temporary slowdown as a result of the demonetisation programme in India, demand across the rest of the product mix continued to be healthy and overall sales remained in line with seasonal expectations. Pleasingly, sales were also significantly higher than those for the equivalent cycle in 2015.”
| Cycle 10 2016(1) (provisional) | Cycle 9 2016(2) (actual) | Cycle 10 2015 (actual) | |
|---|---|---|---|
| Sales value(3) | $418m |
$476m |
$248m |
(1) Cycle 10 2016 provisional sales value represents sales as at 12 December 2016.
(2) Cycle 9 2016 actual sales value is restated following the earlier publication of a provisional figure for the ninth sales cycle of 2016.
(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.