Anglo American's De Beers Diamond Sales Rose in Fourth Cycle
18 Maio 2022 - 4:00AM
Dow Jones News
By Jaime Llinares Taboada
Anglo American PLC on Wednesday reported an increase in diamond
sales from its De Beers subsidiary for the fourth sales cycle of
2022.
The integrated mining company reported provisional sales of $604
million as at May 17, compared with $385 million in the fourth
cycle of 2021. In the third cycle of 2022, which ran between March
28 and April 12, De Beers generated sales of $566 million.
There are 10 sales cycles each year.
"We saw the continuation of good demand for our rough diamonds
during the fourth sales cycle of 2022, supported by strong consumer
demand for diamond jewellery in the U.S. However, rough-diamond
demand in the coming cycle will be affected as usual by the closure
of many diamond polishing factories in India for the traditional
May holidays," De Beers' Chief Executive Bruce Cleaver said.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com;
@JaimeLlinaresT
(END) Dow Jones Newswires
May 18, 2022 02:45 ET (06:45 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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