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Anglo American PLC De Beers rough diamond sales cycle 5, 2019

Anglo American plc (LON:AAL) today announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for De Beers’ fifth sales cycle of 2019, amounting to $390 million.

Bruce Cleaver, CEO, De Beers Group, said: “While overall retail sentiment for diamond jewellery in the US remains solid, a more challenging environment in China and higher than normal polished diamond inventories in the midstream resulted in a cautious approach from rough diamond buyers during the fifth cycle of 2019.”

 Cycle 5 2019(1)(provisional)Cycle 4 2019(2)(actual)Cycle 5 2018 (actual)
Sales value(3)$390m$416m$581m

(1)     Cycle 5 2019 provisional sales value represents sales as at 24 June 2019.

(2)     Cycle 4 2019 actual sales value is restated following the earlier publication of a provisional figure for the fourth 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.