Anglo American plc has announced the value of rough diamond sales (Global Sightholder Sales and Auctions) for De Beers’ ninth sales cycle of 2022, amounting to US$450 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 ninth sales cycle of 2022, with the Sight event extended beyond its normal week-long duration. As a result, the provisional rough diamond sales figure quoted for Cycle 9 represents the expected sales value for the period 31 October to 15 November remains subject to adjustment based on final completed sales.
Bruce Cleaver, CEO, De Beers Group, comments:
“We saw good demand for our rough diamonds during Cycle 9 with sales reflecting what is traditionally a quieter time for the diamond midstream ahead of polishing factories reopening in India following the Diwali holidays.”
Read the article online at: https://www.globalminingreview.com/mining/16112022/anglo-american-reports-de-beers-ninth-rough-diamond-sales-cycle-value/