Anglo American's De Beers Diamond Sales Fell in Fifth Cycle
21 Juin 2023 - 8:58AM
Dow Jones News
By Joe Hoppe
Anglo American said Wednesday that rough-diamond sales for De
Beers' fifth cycle of 2023 fell to a provisional $450 million from
$657 million in the prior-year's fifth cycle.
The FTSE 100-listed diversified mining group said fifth-cycle
sales also fell from $479 million in the fourth cycle of 2023 as
the industry entered a traditionally weaker season.
There are 10 sales cycles each year. The figures for the fifth
cycle represent sales as of June 20.
"Following the JCK Show, and with ongoing global macroeconomic
challenges continuing to impact end-client sentiment, the diamond
industry remains cautious heading into summer," De Beers Chief
Executive Al Cook said.
Write to Joe Hoppe at joseph.hoppe@wsj.com
(END) Dow Jones Newswires
June 21, 2023 02:43 ET (06:43 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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