CD Reduction query

Can someone explain how CD reduction is calculated?

I have the following CD reduction:

  • 10.2 from helm
  • 7.2 from amulet
  • 16.1 from ring
  • 26.6 from focus

This should add up to 60.1 percent cooldown reduction. However, my stats are reading 47.7.

Cooldown Reduction is multiplicative. For example

Your skill has a 30 second cooldown. You are wearing:

  • Helm: 6% cooldown reduction
  • Amulet: 4% cooldown reduction
  • Offhand: 7% cooldown reduction

You don’t just add these percentages together.

Subtract each reduction percentage from 100% (because you want to know how much is left after the reduction):

  • Helm: 100% - 6% = 94%
  • Amulet: 100% - 4% = 96%
  • Offhand: 100% - 7% = 93%

Multiply these percentages together:

  • 0.94 × 0.96 × 0.93 = 0.839904

Subtract that result from 1 to find the total reduction:

  • 1 - 0.839904 = 0.160768 x 100 = 16%

So 16% of 30 is 4.8 meaning your skill has a new cooldown of 25.2 seconds.

How is the figure in the stats and materials (under utility) calculated?