Diamond sales at Anglo's De Beers rise in tenth cycle

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

The value increased to $425m from $400m in the ninth cycle but was down from $544m in the tenth cycle of last year.

Chief executive officer Bruce Cleaver said: "Following continued polished diamond price stability in the lead up to the final sales cycle of the year, we saw further signs of steady demand for rough diamonds during Sight 10."