By Oliver Griffin
Anglo American PLC's (AAL.LN) majority-owned De Beers Group said Tuesday that demand for rough diamonds increased in the first sales cycle of 2018 compared with the previous cycle.
De Beers, he world's largest rough-diamond producer by value, said that provisional diamond sales in the first cycle on Jan. 29 grew to $665 million, up from $455 million in the tenth sales cycle of 2017.
Sales for the first cycle of 2017 were $729 million, a period De Beers's CEO Bruce Cleaver said benefited from purchases that had been deferred from late in 2016.
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