Anglo American plc announces the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for De Beers’ sixth sales cycle of 2016, amounting to $520 million, compared with the $564 million value of the fifth sales cycle of 2016.
Bruce Cleaver, CEO of De Beers, said: “This is an encouraging sales performance for this point in the year, supported by positive sentiment from our customers. We maintain a cautious outlook for the remainder of 2016.”
| |
Cycle 6 2016(1)
(provisional)
| Cycle 5 2016(2)
(actual)
|
| Sales value(3) |
$520m |
$564m |
(1)Cycle 6 2016 provisional sales value represents sales as at 1 August 2016.
(2)Cycle 5 2016 actual sales value is restated following the earlier publication of a provisional figure for the fifth 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.