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De Beers generates $490M in rough diamond sales in eighth cycle of 2021 on 'robust' demand

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(Kitco News) - Anglo American announced today that the value of rough diamond sales (Global Sightholder Sales and Auctions) for De Beers' eighth sales cycle of 2021 (period from 4 October to 19 October) was $490 million.

Bruce Cleaver, CEO of De Beers Group, said, "As the diamond sector prepares for the key holiday season and US consumer demand for diamond jewellery continues to perform strongly, we saw further robust demand for rough diamonds in the eighth sales cycle of the year ahead of the Diwali holiday when demand for rough diamonds is likely to be affected by the closure of polishing factories in India."

De Beers is the world's leading diamond company with in-depth expertise in the exploration, mining and marketing of rough diamonds since 1888. The company's diamond mining spans two continents and four countries – Botswana, Canada, Namibia and South Africa.

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