De Beers diamond sales jump 10% to highest level since mid-2018

|About: Anglo American plc (AAUKF)|By:, SA News Editor

Anglo American's (OTCQX:AAUKF, OTCPK:AAUKY) De Beers says rough diamond sales value jumped ~10% in the third sales cycle of the year, selling $575M in its strongest result since the fifth cycle of 2018 when it recorded $581M.

De Beers CEO Bruce Cleaver says demand for diamonds has been stable as the company moves into its fiscal Q2.

Diamond prices have been under pressure and miners have been struggling, especially those producing cheaper and smaller stones where there is too much supply.

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