Anglo American rough diamond sales value for De Beers’ eighth sales cycle of 2019

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Anglo American (LON:AAL) announced today the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for De Beers’ eighth sales cycle of 2019, amounting to $295 million.

Bruce Cleaver, CEO, De Beers Group, said: “As we approach what is traditionally a quieter time of year for the diamond industry during the Diwali holiday, we have again offered our customers flexibility during this sales cycle.”

Cycle 8 2019(1)(provisional) Cycle 7 2019(2)(actual) Cycle 8 2018 (actual)
Sales value(3) $295m $287m $482m

(1)     Cycle 8 2019 provisional sales value represents sales as at 2 October 2019.

(2)     Cycle 7 2019 actual sales value is restated following the earlier publication of a provisional figure for the seventh sales cycle of 2019.

(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.