Anglo American plc announces the value of rough diamond sales (Global Sightholder Sales and Auctions) for De Beers’ second sales cycle of 2020, amounting to $355 million.
Bruce Cleaver, CEO of De Beers Group, said: “Following an improvement in demand for rough diamonds during the first sales cycle of 2020, we recognised the impact of COVID-19 Coronavirus on customers focused on supplying the Chinese market and put in place additional targeted flexibility to enable customers to defer allocations of the relevant rough diamonds.”
| |
Cycle 2 2020(1)
(provisional) |
Cycle 1 2020(2)
(actual) |
Cycle 2 2019
(actual) |
| Sales value(3) |
$355 |
$551 |
$496 |
(1) Cycle 2 2020 provisional sales value represents sales as at 03 March 2020.
(2) Cycle 1 2020 actual sales value is restated following the earlier publication of a provisional figure for the first sales cycle of 2020.
(3) Sales values are quoted 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.