Anglo American plc said the value of rough diamond sales for De Beers’ seventh sales cycle of 2017, amounting to USD505 million.
Bruce Cleaver, CEO of De Beers, said: “As expected, rough diamond sales were somewhat lower in the seventh cycle of the year, with some midstream demand having already been brought forward into Cycle 6 due to Diwali being earlier than normal in 2017.
“Businesses in the diamond industry’s midstream segment are adopting a watchful approach as attention now turns to the Hong Kong Jewellery & Gem Fair in mid-September.”
