Anglo American rough diamond sales value for De Beers’ fourth sales cycle of 2017
16 May, 2017
Anglo American plc announces the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for De Beers’ fourth sales cycle of 2017, amounting to $520 million.
Bruce Cleaver, CEO of De Beers, said: “We are continuing to see steady demand for rough diamonds, despite the industry entering a typically quieter season. Sentiment remains positive as we head towards the important Las Vegas trade show in early June.”
| Cycle 4 2017(1) (provisional) |
Cycle 3 2017(2) (actual) |
Cycle 4 2016 (actual) |
|
|---|---|---|---|
| Sales value(3) | $520m | $586m | $636m |
(1) Cycle 4 2017 provisional sales value represents sales as at 15 May 2017.
(2) Cycle 3 2017 actual sales value is restated following the earlier publication of a provisional figure for the third sales cycle of 2017.
(3) Sales values are quoted on a consolidated accounting basis and are before capitalisation of pre-commercial production revenues at Gahcho Kué. 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.