26 June 2024
|
Anglo American rough diamond sales
value for De Beers' fifth sales cycle of 2024
|
|
Anglo 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.
|
Cycle 5
2024(1)
(provisional)
|
Cycle 4
2024(2)
(actual)
|
Cycle 5
2023
(actual)
|
Sales value(3)
|
$315m
|
$383m
|
$456m
|
(1) Cycle 5 2024 provisional sales
value represents sales as at 25 June.
(2) Cycle 4 2024 actual sales value
represents sales between the dates of 18 April and 22
May.
(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 5 represents the expected sales value for
the period and remains subject to adjustment based on final
completed sales.
Al 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."
For further information, please
contact:
Notes to
editors:
Anglo American is a leading global
mining company and our products are the essential ingredients in
almost every aspect of modern life. Our portfolio of world-class
competitive operations, with a broad range of future development
options, provides many of the future-enabling metals and minerals
for a cleaner, greener, more sustainable world and that meet the
fast growing every day demands of billions of consumers. With our
people at the heart of our business, we use innovative practices
and the latest technologies to discover new resources and to mine,
process, move and market our products to our customers - safely and
sustainably.
As a responsible producer of copper,
nickel, platinum group metals, diamonds (through De Beers), and
premium quality iron ore and steelmaking coal - with crop nutrients
in development - we are committed to being carbon neutral across
our operations by 2040. More broadly, our Sustainable Mining Plan
commits us to a series of stretching goals to ensure we work
towards a healthy environment, creating thriving communities and
building trust as a corporate leader. We work together with our
business partners and diverse stakeholders to unlock enduring value
from precious natural resources for the benefit of the communities
and countries in which we operate, for society as a whole, and for
our shareholders. Anglo American is re-imagining mining to improve
people's lives.
www.angloamerican.com
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