Anglo American's De Beers Diamond Sales Fell 22% in Eighth Cycle, in Line With Views
05 Outubro 2022 - 3:49AM
Dow Jones News
By Michael Susin
Anglo American PLC said Wednesday that rough-diamond sales by
its majority-owned De Beers Group fell 22% in 2022's eighth sales
cycle compared with the previous cycle, in line with
expectations.
The FTSE 100 diversified mining company said De Beers sold $500
million worth of diamonds in the eighth sales cycle of the year,
compared with $638 million in the seventh cycle and $492 million in
the eighth cycle of 2021.
"Demand for our rough diamonds during sales cycle 8 was in line
with expectations at what is a traditionally quieter time of year
for the diamond industry as polishing factories in India prepare
for closures ahead of the Diwali holidays," Chief Executive Bruce
Cleaver said.
The company said the steady demand reflects continued consumer
demand for diamond jewelry ahead of the key holiday sales season in
the U.S.
Write to Michael Susin at michael.susin@wsj.com
(END) Dow Jones Newswires
October 05, 2022 02:34 ET (06:34 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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