Anglo American posts decline in De Beers diamond sales
Source - SMW
Anglo American said the value of rough diamond sales at its De Beers unit had decreased during the fourth cycle of 2019 to $415m from $581m seen in the second cycle.
The figure compared to $554m seen in the fourth cycle of 2018.
'Cycle four saw lower rough diamond sales against a backdrop of macroeconomic uncertainty, and as we enter a seasonally slower period for the industry with Indian factories closing temporarily for the traditional holiday period,' said Bruce Cleaver, CEO of De Beers Group.