Diamond sales at Anglo's De Beers rise in 10th cycle

Anglo American said on Tuesday that the value of rough diamond sales at its De Beers unit rose in the tenth sales cycle of 2018.

The value increased to $540m from $442m in the ninth cycle of the year and $455m in the 10th cycle of last year.

Chief executive officer Bruce Cleaver said: "De Beers Group's rough diamond sales during the final cycle of the year continued to be in line with expectation ahead of the all-important retail selling season as cutting and polishing factories in India restarted their operations following the Diwali holiday."