(Kitco News) - On Wednesday, global miner Anglo American announced that the provisional value of rough diamond sales for De Beers' seventh sales cycle of 2022 amounted to $630 million, higher than the seventh sales cycle of 2021 ($522 million) and slightly lower than the previous cycle ($638 million).
The company said that De Beers Group rough diamond sales continued at a steady level in the seventh sales cycle of 2022.
“In line with normal seasonal trends, we anticipate that sales in the next few cycles will be affected by the temporary closure of polishing factories for the Diwali holidays,” the company noted in a statement.
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.
