De Beers diamond sales fall in latest cycle
Anglo American
2,205.00p
16:45 24/04/24
4.45%
94.00p
Diamond producer De Beers reported a fall in sales in its latest cycle.
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10,520.27
17:09 24/04/24
1.74%
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The company, owned by mining giant Anglo American, said provisional sales came in at $450m, compared with $508 in the previous period.
"We saw good demand for our rough diamonds during Cycle 9 with sales reflecting what is traditionally a quieter time for the diamond midstream ahead of polishing factories reopening in India following the Diwali holidays," said Bruce Cleaver, De Beers chief executive.