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Anglo releases latest De Beers’ rough diamond sales value

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Global Mining Review,


Anglo American plc announces the value of rough diamond sales (Global Sightholder Sales and Auctions) for De Beers’ tenth sales cycle of 2023, amounting to US$130 million.

The provisional rough diamond sales figure quoted for Cycle 10 represents the expected sales value for the period between 9 November and 19 December and remains subject to adjustment based on final completed sales.

Al Cook, CEO of De Beers, said: “In the final sales cycle of 2023, De Beers continued to offer lower levels of rough diamond supply, in line with current demand. As the end-of-year holiday season progresses, we are seeing signs that the diamond industry is regaining its balance between wholesale supply and demand. Polished diamond prices look to have stabilised as inventory levels have decreased, though we expect improvements in rough diamond trading conditions to be gradual.”

Read the article online at: https://www.globalminingreview.com/mining/20122023/anglo-releases-latest-de-beers-rough-diamond-sales-value/

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Anglo American news Diamond mining news