Value of rough diamond sales at Anglo's De Beers dips in seventh cycle
Anglo American
2,346.50p
17:15 03/01/25
-1.47%
-35.00p
The value of rough diamond sales at Anglo American’s De Beers dipped to $630m in the seventh cycle of the year from $638m in the sixth.
FTSE 100
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16:59 03/01/25
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FTSE 350
4,534.15
16:54 03/01/25
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17:14 03/01/25
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Mining
10,554.76
16:54 03/01/25
-0.70%
-74.37
However, the value was up from $522m in the seventh cycle of last year.
Chief executive officer Bruce Cleaver said: "De Beers Group rough diamond sales continued at a steady level in the seventh sales cycle of 2022.
"In line with normal seasonal trends, we anticipate that sales in the next few cycles will be affected by the temporary closure of polishing factories for the Diwali holidays."