Anglo American rough diamond sales value for De Beers’ fourth sales cycle of 2016
24 May, 2016
Anglo American plc announces the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for De Beers’ fourth sales cycle of 2016, amounting to $630 million, compared with the $666 million value of the third sales cycle of 2016.
| Cycle 4 2016(1) (provisional) | Cycle 3 2016(2) (actual) | |
|---|---|---|
| Sales value(3) | $630m |
$666m |
(1) Cycle 4 2016 provisional sales value represents sales as at 23 May 2016.
(2) Cycle 3 2016 actual sales value is restated following the earlier publication of a provisional figure for the third 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.
Philippe Mellier, Chief Executive of De Beers Group, said: “As normal seasonal trends return to the market, we are encouraged by the continued stability of demand for rough diamonds shown in the fourth sales cycle of 2016.”