Anglo American: De Beers Diamond Sales Rise in Fifth Cycle

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)

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