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Anglo American publishes latest De Beers’ sales cycle value

Published by
Global Mining Review,


Anglo American plc has announced the value of rough diamond sales (Global Sightholder Sales and Auctions) for De Beers’ eighth sales cycle of 2021, amounting to US$490 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 eighth 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 8 represents the expected sales value for the period 4 – 19 October and remains subject to adjustment based on final completed sales.

Bruce Cleaver, CEO of De Beers Group, said:

“As the diamond sector prepares for the key holiday season and US consumer demand for diamond jewellery continues to perform strongly, we saw further robust demand for rough diamonds in the eighth sales cycle of the year ahead of the Diwali holiday when demand for rough diamonds is likely to be affected by the closure of polishing factories in India.”

Read the article online at: https://www.globalminingreview.com/finance-business/20102021/anglo-american-publishes-latest-de-beers-sales-cycle-value/

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Anglo American news Diamond mining news