Anglo American: De Beers Diamond Sales Rise in Fifth Cycle
June 23 2021 - 2:52AM
Dow Jones News
By Jaime Llinares Taboada
Anglo American PLC on Wednesday reported De Beers rough diamond
sales of $470 million for the fifth cycle of 2021.
The mining company said the figure represents expected sales for
the period from June 7 to June 22. This is up from $385 million in
the fourth period, which spanned May 3-18.
"With demand for diamond jewelry in the key consumer markets of
the U.S. and China continuing to be positive, and midstream
capacity in India returning, we have seen strong demand for rough
diamonds during the fifth sales cycle," De Beers Group Chief
Executive Bruce Cleaver said.
"Overall sentiment is increasingly optimistic as we move towards
the second half of the year and, while risks as a result of the
global pandemic persist, we have been encouraged by the condition
of the market," he said.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com;
@JaimeLlinaresT
(END) Dow Jones Newswires
June 23, 2021 02:37 ET (06:37 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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