By Oliver Griffin

 

Anglo American PLC (AAL.LN) said Tuesday that its majority-owned De Beers Group sold $550 million of diamonds in the fourth cycle of 2018.

De Beers said demand during the cycle was strong, reflecting continued demand for diamond jewelry.

De Beers's sales were up from $524 million in the third cycle of 2018, the company said.

 

Write to Oliver Griffin at oliver.griffin@dowjones.com

 

(END) Dow Jones Newswires

May 22, 2018 02:27 ET (06:27 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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