Anglo American´s diamonds fetch 19% more in seventh sales cycle
The value of Anglo American´s rough diamond sales jumped by 19% to reach $630m during De Beers´ seventh sales cycle of 2016.
Anglo American
2,372.00p
17:15 08/11/24
-4.32%
-107.00p
FTSE 100
8,072.39
17:14 08/11/24
n/a
n/a
FTSE 350
4,459.45
16:59 08/11/24
n/a
n/a
FTSE All-Share
4,417.83
16:44 08/11/24
n/a
n/a
Mining
11,623.03
16:59 08/11/24
1.30%
148.91
Bruce Cleaver, CEO of De Beers, said: "We saw healthy demand for our rough diamonds in Cycle 7, as manufacturers brought forward some of their demand in order to cut and polish rough diamonds in time for the important retail selling season."
Analysts at SP Angel estimated that brought the company´s sales year-to-date to $4.1bn.
As of 1235 BST shares in Anglo American were 2.24% higher to 832.20p.