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Anglo American sees ‘good' diamond demand in ninth sales cycle of 2022

Kitco Media
By Vladimir Basov
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(Kitco News) - On Wednesday, Anglo American announced that the provisional value of rough diamond sales for De Beers' ninth sales cycle of 2022 amounted to $450 million, higher than the ninth sales cycle of 2021 ($438 million) and lower than the previous cycle ($508 million).

In a statement, the company said it saw good demand for its rough diamonds during ninth sales cycle, “with sales reflecting what is traditionally a quieter time for the diamond midstream ahead of polishing factories reopening in India following the Diwali holidays.”

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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Vladimir Basov

Vladimir (PhD, MEng in Mining) is a professional mining engineer, scientist and analyst that has more than 20 years of practical in-field and research experience. He is particularly interested in collecting, processing baseline data and writing insightful data-driven mining industry analytics, articles, statistical and research reports.

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