Anglo American reports De Beers’ fourth rough diamond sales value

Published by Jane Bentham,
Editorial Assistant

Global Mining Review,

Anglo American plc has announced the value of rough diamond sales (Global Sightholder Sales and Auctions) for De Beers’ fourth sales cycle of 2024, amounting to US$380 million.

The provisional rough diamond sales figure quoted for Cycle 4 represents the expected sales value for the period and remains subject to adjustment based on final completed sales.

Al Cook, CEO of De Beers, said: “As expected, De Beers’ rough diamond sales in the fourth cycle of the year trended lower, in line with the seasonally slower second quarter and a quieter period of trading in India during the elections. The focus of the global diamond industry now turns towards the JCK jewellery show in Las Vegas at the end of May. Demand trends in the US are expected to be driven by short term macroeconomic issues but supported in coming years by a recovery in engagements as the after-effects of pandemic lockdowns fade.”

Read the article online at:

You might also like

John Reade, World Gold Council, reviews gold’s performance in 2023 and assesses what 2024 has in store.


Source link

Leave a Reply

Your email address will not be published. Required fields are marked *