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Positive demand drives Anglo American rough diamond sales

Kitco News

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(Kitco News) - Anglo American announced today that the value of rough diamond sales for De Beers' second sales cycle of 2021 amounted to $550 million.

The company said that it saw the continuation of good rough diamond demand during its second sales cycle of 2021 on the back of positive consumer demand for diamond jewellery.

CEO of De Beers Group Bruce Cleaver commented, "Midstream buyers continued to express healthy demand following better than expected retail sales of diamond jewellery over Christmas, Chinese New Year and Valentine's Day, with the industry now set to enter what is traditionally a period of lower seasonal demand. While the year has started positively, we recognise ongoing near-term uncertainty in the pace and shape of the recovery."

Anglo American is a leading global mining company, a producer of diamonds (through De Beers), copper, platinum group metals, nickel, the steelmaking ingredients of iron ore and metallurgical coal.

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