Skip to main content

Anglo American reports latest De Beers rough diamond sales value

Published by
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 2021, amounting to $332 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 tenth 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 10 represents the expected sales value for the period 6 December to 21 December and remains subject to adjustment based on final completed sales.

Bruce Cleaver, CEO, De Beers Group, said:

“Rough diamond demand and midstream sentiment continued to be positive in the final sales cycle of 2021, although as anticipated we saw some impact on sales ahead of the seasonal closure of polishing factories in southern Africa over the Christmas period. Nonetheless, despite the ongoing challenges of COVID-19, our rough diamond sales for the year are higher than what we saw in 2019 before the onset of the pandemic, and much higher than our sales in 2020. Consumer demand for diamond jewellery is continuing to perform very well over the key holiday period, so we head towards the new year with positive trading conditions and industry sentiment.”

Read the article online at: https://www.globalminingreview.com/mining/23122021/anglo-american-reports-latest-de-beers-rough-diamond-sales-value/

You might also like

 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

Anglo American news African mining news Diamond mining news