Anglo American's ninth diamond sale shows fall

Mining company Anglo American announced that the value of rough diamond sales for De Beers’ ninth sales cycle of 2016 fell to $470m from $494m in the previous cycle.

Despite this De Beers chief executive Bruce Cleaver remained positive: "Encouragingly, the ninth sales cycle of 2016 showed continued good demand for De Beers rough diamonds, with sales in line with expected seasonal demand patterns".

The share price fell 4.04% to 1,127.50p at 1051 GMT on Tuesday.