28th Jul 2021 08:04
(Alliance News) - Anglo American PLC said on Wednesday its diamond business, De Beers Group, saw continued "good" demand for rough diamonds, driven by a strong market for diamond jewellery in the US and China.
Rough diamond sales value for the provisional sixth sales cycle, which covers the period between July 12 to July 27, rose 6.9% to USD510 million from USD477 million in the fifth sales cycle. In the 2020 sixth sales cycle, De Beers recorded USD116 million in rough diamond sales.
De Beers Chief Executive Bruce Cleaver said the sixth sales cycle of the year had seen the continuation of good demand for rough diamonds, driven by strong demand for diamond jewellery in the key US and China consumer markets.
"With the ongoing strength in consumer sales of diamond jewellery, the outlook remains positive for the second half of the year, subject to the risks that the pandemic continues to present across the globe," Cleaver said.
Owing to the restrictions on the movement of people and products in various jurisdictions around the globe, De Beers has continued to implement a more flexible approach to rough diamond sales during the sixth sales cycle of 2021, Anglo American said.
By Artwell Dlamini; [email protected]
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