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Anglo American sees strong rough diamond demand in fifth sales cycle of 2022

Vladimir Basov

Kitco News

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(Kitco News) - Anglo American announced today that the provisional value of rough diamond sales for De Beers’ fifth sales cycle of 2022 amounted to $650 million, higher than the fifth sales cycle of 2021 ($477 million) and the previous cycle ($604 million).

The company said that diamond jewellery demand continues to perform well in the key US market, and this was reinforced by positive sentiment following the influential JCK Las Vegas jewellery trade show held in mid-June.

“The continued strength of US demand for diamond jewellery and the gradual reopening of retail outlets in China following Covid-19-related lockdowns have supported the sales momentum of De Beers Group’s rough diamonds in the fifth sales cycle of the year,” the company noted in its press-release.

Anglo American is a leading producer of diamonds (through De Beers), copper, platinum group metals, the steelmaking ingredients of iron ore and metallurgical coal, and nickel - with crop nutrients in development and thermal coal operations planned for divestment.

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For Kitco News

Contact vbasov@kitco.com
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