Anglo American rough diamond sales value for De Beers’ seventh sales cycle of 2023
Anglo American plc announces the value of rough diamond sales (Global Sightholder Sales and Auctions) for De Beers’ seventh sales cycle of 2023, amounting to $370 million.
| Cycle 7 2023(1) (provisional) | Cycle 6 2023(2) (actual) | Cycle 7 2022 (actual) | |
| Sales value(3) | $370m | $411m | $638m |
(1) Cycle 7 2023 provisional sales value represents sales as at 29 August 2023.
(2) Cycle 6 2023 actual sales value represents sales between the dates of 10 and 25 July.
(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 7 represents the expected sales value for the period 14 and 29 August and remains subject to adjustment based on final completed sales.
Al Cook, CEO of De Beers, said: “With the prevailing economic environment leading to softer end client demand for diamond jewellery in key consumer markets, and the traditionally lower levels of midstream trading during the summer period, Sightholders continued to take a prudent approach to their purchasing during the seventh sales cycle of the year.”
