Anglo American plc (LON:AAL) has announced the value of rough diamond sales (Global Sightholder Sales and Auctions) for De Beers’ third sales cycle of 2023, amounting to $540 million.
| Cycle 3 2023(1)(provisional) | Cycle 2 2023(2)(actual) | Cycle 3 2022 (actual) | |
| Sales value(3) | $540m | $497m | $566m |
(1) Cycle 3 2023 provisional sales value represents sales as at 11 April 2023.
(2) Cycle 2 2023 actual sales value represents sales between the dates of 20 February and 7 March.
(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.
The provisional rough diamond sales figure quoted for Cycle 3 represents the expected sales value for the period 27 March and 11 April and remains subject to adjustment based on final completed sales.
Al Cook, CEO of De Beers, said: “We have continued to see good demand for our rough diamonds over the third sales cycle of the year as we move into the second quarter of 2023. Sales were in line with expectations and we continue to see some encouraging positive trends in consumer demand for diamond jewellery, not least in China where we’re beginning to see some signs of recovery in consumer confidence following the relaxation of travel restrictions.”
Anglo American owns 85% of De Beers Group, the world’s leading diamond company.
