By Ian Walker

 

Anglo American PLC said Wednesday that rough-diamond sales by its majority-owned De Beers Group rose 18% in 2022's second sales cycle compared with the second cycle a year ago as it benefited from positive consumer sentiment.

The FTSE 100 diversified mining company said that De Beers sold $650 million of diamonds in the second sales cycle of the year compared with $550 million in the second cycle of 2021 and $660 million in the first cycle of 2022. There are 10 sales cycles each year.

Anglo American said sales are provisional figures due to a change in the company's approach to diamond sales because of pandemic-related movement restrictions around the world. The figures are based on expected sales between Feb. 21 and March 8.

 

Write to Ian Walker at ian.walker@wsj.com

 

(END) Dow Jones Newswires

March 09, 2022 03:10 ET (08:10 GMT)

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