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.
Grafico Azioni Anglo American (LSE:AAL)
Storico
Da Feb 2024 a Mar 2024 Clicca qui per i Grafici di Anglo American
Grafico Azioni Anglo American (LSE:AAL)
Storico
Da Mar 2023 a Mar 2024 Clicca qui per i Grafici di Anglo American