Anglo American's De Beers Saw Diamond Sales Dive in Seventh Cycle
28 Agosto 2019 - 09:11AM
Dow Jones News
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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