By Jaime Llinares Taboada

 

Anglo American PLC on Wednesday reported diamond sales of $650 million for the fifth sales cycle of 2022 running between June 6 and June 21.

The owner of the De Beers diamond mining company said that this compares with $604 million in the fourth cycle of 2022 and $477 million in the fifth cycle of 2021.

"Diamond jewelry demand continues to perform well in the key U.S. market, and this was reinforced by positive sentiment following the influential JCK Las Vegas jewelry trade show held in mid-June," De Beers Chief Executive Bruce Cleaver said.

"The continued strength of U.S. demand for diamond jewelry and the gradual reopening of retail outlets in China following Covid-19-related lockdowns have supported the sales momentum of De Beers Group's rough diamonds in the fifth sales cycle of the year," he said.

 

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

 

(END) Dow Jones Newswires

June 22, 2022 02:35 ET (06:35 GMT)

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