Anglo American Says De Beers' Rough Diamond Sales Rose in Seventh Sales
September 08 2021 - 2:50AM
Dow Jones News
By Anthony O. Goriainoff
Anglo American PLC said on Wednesday that the rough diamond
sales value for De Beers' seventh sales cycle of 2021 was $515
million compared with $334 million for the year-prior
equivalent.
The FTSE 100 mining company said that due to the global
restrictions stemming from the coronavirus pandemic, De Beers has
slightly extended the sales cycle beyond its normal week-long
duration, and that the provisional rough diamond sales figure
represents the expected sales value for the Aug. 23 to Sept. 7
period. There are 10 sales cycles each year.
The company said the sales figure remains subject to adjustments
based on final completed sales.
Sales for the sixth cycle were $514 million, the company
said.
"As we now head towards a traditionally slower period for
rough-diamond sales, we remain cognizant of the risks to economic
recovery from the global pandemic," De Beers Chief Executive Bruce
Cleaver said.
Write to Anthony O. Goriainoff at
anthony.orunagoriainoff@dowjones.com
(END) Dow Jones Newswires
September 08, 2021 02:35 ET (06:35 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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