De Beers diamond sales fall in latest cycle
Anglo American
2,391.50p
16:30 02/01/25
1.16%
27.50p
Diamond producer De Beers reported a fall in sales in its latest cycle.
FTSE 100
8,254.57
16:29 02/01/25
n/a
n/a
FTSE 350
4,549.48
16:30 02/01/25
n/a
n/a
FTSE All-Share
4,505.72
16:30 02/01/25
n/a
n/a
Mining
10,619.23
16:29 02/01/25
0.00%
10,619.23
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.