The De Beers Group of Companies today announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the sixth sales cycle of 2016.
|Cycle 6 2016 (provisional)1||Cycle 5 2016 (actual)2|
|Sales value3 ($m)||520||564|
Notes to this table are shown at the bottom of this page.
Bruce Cleaver, CEO, De Beers Group, said: “This is an encouraging sales performance for this point in the year, supported by positive sentiment from our customers. We maintain a cautious outlook for the remainder of 2016.”
1 Cycle 6 2016 provisional sales value represents sales as at 1 August 2016
2 Cycle 5 2016 actual sales value is restated following the earlier publication of a provisional figure for the fifth sales cycle of 2016
3 Sales value is quoted in terms of sales by De Beers Global Sightholder Sales and De Beers Auction Sales, and reported 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