Anglo American: De Beers' Cycle 4 Rough Diamond Sales Fall 11%
May 16 2017 - 3:52AM
Dow Jones News
By Ian Walker
LONDON--Anglo American PLC (AAL.LN)'s majority-owned De Beers
Group Tuesday reported an 11% fall in diamond sales during the
fourth cycle of the year compared with the third cycle, but said it
continues to see steady demand despite the industry entering a
typically quieter season.
De beers' Chief Executive Bruce Cleaver said sentiment remains
positive as the company heads towards the important Las Vegas trade
show in early June.
De Beers, the world's largest rough diamond producer by value,
reported provisional diamond sales of $520 million for the fourth
sales cycle ended May 15, compared with $586 million generated in
the previous sales cycle. Sales for the fourth cycle of 2016 were
$636 million.
-Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749
(END) Dow Jones Newswires
May 16, 2017 03:37 ET (07:37 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
Anglo American (LSE:AAL)
Historical Stock Chart
From Mar 2024 to Apr 2024
Anglo American (LSE:AAL)
Historical Stock Chart
From Apr 2023 to Apr 2024
