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Anglo American releases latest De Beers’ rough diamond sales value

Published by , Editorial Assistant
Global Mining Review,


Anglo American plc has announced the value of rough diamond sales (Global Sightholder Sales and Auctions) for De Beers’ first sales cycle of 2024, amounting to US$370 million.

The provisional rough diamond sales figure quoted for Cycle 1 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: “Solid consumer demand for diamonds in the US over the year-end holiday season has certainly helped to stabilise the industry and we are seeing polished diamond prices increasing again. Combined with the restart of rough diamond imports into India, this has led to demand for rough diamonds increasing substantially in the first sales cycle of 2024. However, as the prospects for economic growth in many major economies remain uncertain, we expect that it may take some time for rough diamond demand to fully recover.”

Read the article online at: https://www.globalminingreview.com/mining/31012024/anglo-american-releases-latest-de-beers-rough-diamond-sales-value/

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Anglo American news Diamond mining news