De Beers rough diamond sales fall due to seasonal demand, says Anglo American

Anglo American announced the value of rough diamond sales - that is, global sightholder sales and auction sales - for De Beers' sixth sales cycle of 2018 on Tuesday, amounting to a provisional $530m.

The FTSE 100 firm said that compared to an actual figure of $581m for the fifth cycle, and $576m for the sixth cycle last year.

“In the sixth sales cycle of the year, demand for De Beers rough diamonds was in line with expectations during the seasonally quieter summer period for the industry's midstream sector,” said De Beers Group chief executive officer Bruce Cleaver.