Anglo American plc announces the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for De Beers’ third sales cycle of 2016. Rough diamond sales during the third cycle of the year continued their reasonably positive trend to $660 million, compared with the $617 million value of the second sales cycle of 2016.
| |
Cycle 3 2016(1)
(provisional)
| Cycle 2 2016(2)
(actual)
|
| Sales value(3) |
$660m |
$617m |
(1) Cycle 3 2016 provisional sales value represents sales as at 11 April 2016.
(2) Cycle 2 2016 actual sales value is restated following the earlier publication of a provisional figure for the second 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.
Continued stability in polished diamond prices and sales of polished diamonds at the wholesale level supported a reasonably positive environment for rough diamond demand for the third consecutive sales cycle.
Philippe Mellier, Chief Executive of De Beers Group, said: “So far, 2016 has seen significantly stronger rough diamond demand than that experienced at the end of 2015 as the actions taken by the industry continue to have a positive effect. However, we are now moving into a part of the year where rough diamond demand has historically been lower as a result of seasonality, so we continue to adopt a prudent mind-set.”