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Anglo American : De Beers Saw Increased Demand in First 2018 Sales

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01/30/2018 | 08:36am CET
   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.

Write to Oliver Griffin at [email protected]

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