Anglo American's De Beers Reports 28% Rise in Diamond Sales

Date : 01/29/2020 @ 7:44AM
Source : Dow Jones News
Stock : Anglo American PLC (QX) (NGLOY)
Quote : 13.395  -0.21 (-1.54%) @ 10:20PM

Anglo American's De Beers Reports 28% Rise in Diamond Sales

Anglo American (LSE:AAL)
Historical Stock Chart

1 Month : From Jan 2020 to Feb 2020

Click Here for more Anglo American Charts.

By Ian Walker

 

Anglo American PLC (AAL.LN) said Wednesday that its majority-owned De Beers Group sold 28% more rough diamonds in the first sales cycle of the year than the previous cycle.

The diversified mining company said diamond producer De Beers--which reports on 10 sales cycles each year--sold $545 million of rough diamonds in the first cycle of the year compared with $426 million for the 10th cycle of last year

In the first cycle of 2019, De Beers sold $500 million of rough diamonds.

"Demand for rough diamonds increased...following the end-of-year selling season and subsequent inventory restocking," De Beers Chief Executive Bruce Cleaver said.

 

Write to Ian Walker at ian.walker@wsj.com

 

(END) Dow Jones Newswires

January 29, 2020 02:29 ET (07:29 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

Latest NGLOY Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.