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Anglo publishes De Beers’ seventh rough diamond sales cycle value

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Global Mining Review,


Anglo American plc has announced the value of rough diamond sales (Global Sightholder Sales and Auctions) for De Beers’ seventh sales cycle of 2023, amounting to US$370 million.

The provisional rough diamond sales figure quoted for Cycle 7 represents the expected sales value for the period 14 and 29 August and remains subject to adjustment based on final completed sales.

Al Cook, CEO of De Beers, comments:

“With the prevailing economic environment leading to softer end client demand for diamond jewellery in key consumer markets, and the traditionally lower levels of midstream trading during the summer period, Sightholders continued to take a prudent approach to their purchasing during the seventh sales cycle of the year.”

Read the article online at: https://www.globalminingreview.com/mining/30082023/anglo-publishes-de-beers-seventh-rough-diamond-sales-cycle-value/

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This article has been tagged under the following:

Anglo American news Diamond mining news