Anglo American publishes De Beers’ ninth rough diamond sales cycle value

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Published by Jane Bentham,
Editorial Assistant

Global Mining Review,
Thursday, 09 November 2023 15:00

Anglo American has announced the value of rough diamond sales for De Beers’ ninth sales cycle of 2023, amounting to US$80 million.

The provisional rough diamond sales figure quoted for Cycle 9 represents the expected sales value for the period between 4 October and 3 November and remains subject to adjustment based on final completed sales.Al Cook, CEO of De Beers, said: “Macro-economic challenges continue to affect the diamond sector. The retail recovery in China remains slow. And the voluntary import moratorium on rough diamonds into India will see extended Diwali holidays and factory closures in the world’s largest diamond cutting centre. In recognition of these conditions, De Beers continued with reduced rough diamond availability in the ninth sales cycle of 2023. De Beers maintained support for its Sightholders with full purchase flexibility as the midstream re-establishes an equilibrium between wholesale supply and demand.”

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