Anglo American releases De Beers’ fifth rough diamond sales value
Published by Jane Bentham,
Editorial Assistant
Global Mining Review,
Anglo American plc has announced the value of rough diamond sales (Global Sightholder Sales and Auctions) for De Beers’ fifth sales cycle of 2024, amounting to US$315 million.
The provisional rough diamond sales figure quoted for Cycle 5 represents the expected sales value for the period and remains subject to adjustment based on final completed sales.
Al Cook, CEO of De Beers, said: “The northern summer is generally a quieter period for rough diamond sales, and this was reflected in our cycle 5 sales. The recent annual JCK jewellery show in Las Vegas confirmed a resurgence in retailers’ interest in natural diamonds in the United States but ongoing economic growth challenges in China mean we continue to expect a protracted U-shaped recovery in demand.”
Read the article online at: https://www.globalminingreview.com/mining/26062024/anglo-american-releases-de-beers-fifth-rough-diamond-sales-value/
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