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Anglo American reports De Beers’ ninth rough diamond 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’ 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/

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Anglo American news Diamond mining news