De Beers diamond sales shine on US, China demand
Anglo American
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Anglo American said rough-diamond sales by its majority-owned De Beers Group rose 6.9% higher in the sixth sales cycle of 2021 compared with the previous cycle, driven by strong US and China demand.
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De Beers sold $510m of diamonds in the sixth cycle compared with $477m in the fifth and $116m for the same period last year at the height of the Covid pandemic.
The miner said the second-half outlook remained positive, based on the strength of diamond jewellery sales, subject to continued coronavirus-related impacts.
Anglo American said the figures were provisional due to a change in its approach to diamond sales because of pandemic-related movement restrictions around the globe.