De Beers diamond sales fall in latest cycle
Anglo American
2,527.50p
17:15 26/06/24
0.30%
7.50p
Diamond producer De Beers reported a fall in sales in its latest cycle.
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10,335.12
17:14 26/06/24
1.20%
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The company, owned by mining giant Anglo American, said provisional sales came in at $450m, compared with $508 in the previous period.
"We saw good demand for our rough diamonds during Cycle 9 with sales reflecting what is traditionally a quieter time for the diamond midstream ahead of polishing factories reopening in India following the Diwali holidays," said Bruce Cleaver, De Beers chief executive.