Anglo American's De Beers Saw Diamond Sales Dive in Seventh Cycle

Data : 28/08/2019 @ 09:11
Fonte : Dow Jones News
Titolo : Anglo American Plc (AAL)
Quotazione : 1911.2  -0.6 (-0.03%) @ 10:27
Quotazione Anglo American Grafico

Anglo American's De Beers Saw Diamond Sales Dive in Seventh Cycle

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By Ian Walker

 

Anglo American PLC (AAL.LN) said Wednesday that its majority-owned De Beers Group has experienced a significant fall in rough diamond sales for the seventh sales cycle of the year, citing lower inventory and manufacturing levels.

The diversified mining company said diamond producer De Beers--which reports on 10 sales cycles each year--sold $280 million of rough diamonds in the seventh cycle of the year compared with $503 million for the same cycle in 2018.

In the sixth cycle of 2019, De Beers sold $250 million of rough diamonds.

 

Write to Ian Walker at ian.walker@wsj.com

 

(END) Dow Jones Newswires

August 28, 2019 02:56 ET (06:56 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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