Anglo American (LSE:AAL)
Historical Stock Chart
1 Month : From Jan 2020 to Feb 2020
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 email@example.com
(END) Dow Jones Newswires
January 29, 2020 02:29 ET (07:29 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.