Anglo American plc has announced the value of rough diamond sales (Global Sightholder Sales and Auctions) for De Beers’ third sales cycle of 2021, amounting to US$440 million.
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 third sales cycle of 2021, with the sight event extended beyond its normal week-long duration. As a result, the provisional rough diamond sales figure quoted for cycle three represents the expected sales value for the period 22 March to 6 April and remains subject to adjustment based on final completed sales.
Bruce Cleaver, CEO, De Beers Group, said: “Following a good holiday season and that trend continuing during the first quarter of 2021, we have again seen solid demand for rough diamonds as we begin a traditionally quieter period of the year for the diamond industry. Sales were in line with expectations and both market sentiment and overall industry conditions remain positive. However, with pandemic developments in Europe and Mumbai’s recent lockdown resulting in the Bharat Diamond Bourse being closed, it is clear that we will continue to see challenges relating to COVID-19.”
Read the article online at: https://www.globalminingreview.com/finance-business/07042021/anglo-american-reports-latest-de-beers-rough-diamond-sales-value/