REG - Anglo American PLC - De Beers rough diamond sales cycle 10, 2020

Anglo AmericanAnnouncement

17/12/2020 07:01

RNS Number : 9035I
  
Anglo American PLC
  
17 December 2020
  
 




 


 




17 December 2020




Anglo American rough diamond sales value for De Beers' tenth sales cycle of 2020




 



Anglo American plc announces the value of rough diamond sales (Global Sightholder Sales and Auctions) for De Beers' tenth sales cycle of 2020, amounting to $440 million.
 






Cycle 10 2020(1)
(provisional)


Cycle 9 2020(2)
(actual)


Cycle 10 2019
 (actual)




Sales value(3)


$440m


$462m


$426m



 
(1)     Cycle 10 2020 provisional sales value represents sales as at 16 December 2020
(2)     Cycle 9 2020 actual sales value represents sales between the dates of 2 November and 16 November.
(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.
 
Owing to the restrictions on the movement of people and products in various jurisdictions around the globe, De Beers Group has continued to implement a more flexible approach to rough diamond sales during the tenth sales cycle of 2020, with the Sight event extended beyond its normal week-long duration. As a result, the provisional rough diamond sales figure quoted for Cycle 10 represents the expected sales value for the period 7 December to 16 December and remains subject to adjustment based on final completed sales.
 
Bruce Cleaver, CEO, De Beers Group, said: "Positive consumer demand for diamond jewellery as we enter the holiday season is supporting the continuation of retail orders for polished diamonds from the diamond industry's midstream sector. This in turn supported steady demand for De Beers rough diamonds at our final sales cycle of 2020. While the diamond industry ends the year on a positive note, we must recognise the risks that the ongoing Covid-19 pandemic presents to sector recovery both for the rest of this year and as we head into 2021."
 
For further information, please contact:
 



Media


 


Investors




UK
James Wyatt-Tilby
james.wyatt-tilby@angloamerican.com
 
Marcelo Esquivel
marcelo.esquivel@angloamerican.com
 
Katie Ryall
katie.ryall@angloamerican.com 
 
South Africa
Sibusiso Tshabalala
Sibusiso.Tshabalala@angloamerican.com
 
Nomonde Ndwalaza
Nomonde.ndwalaza@angloamerican.com
 


 


UK
Paul Galloway
paul.galloway@angloamerican.com
 
Robert Greenberg
robert.greenberg@angloamerican.com
 
Emma Waterworth
emma.waterworth@angloamerican.com  
 




 


 


 




 


 


 



 
 
 
 
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, development projects and undeveloped resources, provides many of the metals and minerals that enable a cleaner, greener, more sustainable world and that meet the fast growing consumer-driven demands of developed and maturing economies. With our people at the heart of our business, we use innovative practices and the latest technologies to mine, process, move and market our products to our customers - and to discover new resources - safely and sustainably.
 
As a responsible producer of diamonds (through De Beers), copper, platinum group metals, the steelmaking ingredients of iron ore and metallurgical coal, and nickel - with crop nutrients in development and thermal coal operations planned for divestment - we are committed to being carbon neutral across our operations by 2040. We work together with our business partners and diverse stakeholders to unlock sustainable 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
 
     

 
Legal Entity Identifier: 549300S9XF92D1X8ME43
 

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