De Beers rough diamond sales for Cycle 6, 2016

De Beers

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.”

Source De Beers

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