De Beers encouraged by latest auction sales, but remains cautious
De Beers said it had sold $520m of rough cut diamonds in the sixth auction of the year compared with $564m in the previous sale.
Anglo American
2,411.50p
09:55 03/07/24
0.65%
15.50p
FTSE 100
8,158.87
09:55 03/07/24
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FTSE 350
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09:55 03/07/24
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FTSE All-Share
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09:55 03/07/24
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Mining
10,499.61
09:54 03/07/24
1.62%
167.81
De Beers, owned by Anglo American, said the numbers were "encouraging".
Chief executive Bruce Cleaver said: "This is an encouraging sales performance for this point in the year, supported by positive sentiment from our customers. We maintain a cautious outlook for the remainder of 2016."
De Beers is 85% owned by Anglo with the Botswana government holding the rest. It produces about one third of the world's rough cut diamonds.