Anglo American posts USD505 million as rough diamond sales value for De Beers

De beers

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.”

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