Anglo American plc announces the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for De Beers’ ninth sales cycle of 2016, amounting to $470 million, compared with the $494 million value of the eighth sales cycle of 2016.
Bruce Cleaver, CEO of De Beers, said: “Encouragingly, the ninth sales cycle of 2016 showed continued good demand for De Beers rough diamonds, with sales in line with expected seasonal demand patterns.”
| |
Cycle 9 2016(1)
(provisional)
| Cycle 8 2016(2)
(actual)
|
| Sales value(3) |
$470m |
$494m |
(1) Cycle 9 2016 provisional sales value represents sales as at 14 November 2016.
(2) Cycle 8 2016 actual sales value is restated following the earlier publication of a provisional figure for the eighth 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.