Business
De Beers rough diamond sales cycle 5, 2024
De Beers rough diamond sales cycle 5, 2024.
About this update from Anglo American Plc
[{"type":"text","content":"\n\n\n\n\n\n26 June 2024\n\n\n\n\nAnglo American rough diamond sales value for De Beers' fifth sales cycle of 2024\n\n\n\n\n\n\n\n\n\n\nAnglo American plc announces the value of rough diamond sales (Global Sightholder Sales and Auctions) for De Beers' fifth sales cycle of 2024, amounting to $315 million.\n \n\n\n\n\n\n\n\nCycle 5 2024(1)\n(provisional)\n\n\nCycle 4 2024(2)\n(actual)\n\n\nCycle 5 2023\n (actual)\n\n\n\n\nSales value(3)\n\n\n$315m\n\n\n$383m\n\n\n$456m\n\n\n\n\n \n(1) Cycle 5 2024 provisional sales value represents sales as at 25 June.\n(2) Cycle 4 2024 actual sales value represents sales between the dates of 18 April and 22 May.\n(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.\n \nThe provisional rough diamond sales figure quoted for Cycle 5 represents the expected sales value for the period and remains subject to adjustment based on final completed sales.\n \nAl Cook, CEO of De Beers, said: \"The northern summer is generally a quieter period for rough diamond sales, and this was reflected in our cycle 5 sales. The recent annual JCK jewellery show in Las Vegas confirmed a resurgence in retailers' interest in natural diamonds in the United States but ongoing economic growth challenges in China mean we continue to expect a protracted U-shaped recovery in demand.\"\n \n For further information, please contact:\n \n\n\n\n\nMedia\n\n\n\n\n\n\n\n\nInvestors\n\n\n\n\nUK\nJames Wyatt-Tilby\[email protected]\nTel: +44 (0)20 7968 8759\n \nMarcelo Esquivel\[email protected]\nTel: +44 (0)20 7968 8891\n \nRebecca Meeson-Frizelle\[email protected]\nTel: + 44 (0)20 7968 1374\n \n \nSouth Africa\nNevashnee Naicker\[email protected]\nTel: +27 (0)11 638 3189\n \n\n\n\n\n\n\n\n\nUK\nTyler Broda\[email protected]\nTel: +44 (0)20 7968 1470\n \nEmma Waterworth [email protected]\nTel: +44 (0) 20 7968 8574\n \nMichelle Jarman\[email protected] \nTel: +44 (0)20 7968 1494\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nNotes to editors:\nAnglo American is a leading ...