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Anglo American sees 'good demand' for its rough diamonds in third sales cycle of 2023

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' third sales cycle of 2023 amounted to $540 million, lower than the third sales cycle of 2022 ($566 million) and higher than the previous cycle ($497 million).

In a statement, the company said it continued to see good demand for its rough diamonds over the third sales cycle of the year as it moves into the second quarter of 2023.

Al Cook, CEO of De Beers, commented, "Sales were in line with expectations and we continue to see some encouraging positive trends in consumer demand for diamond jewellery, not least in China where we're beginning to see some signs of recovery in consumer confidence following the relaxation of travel restrictions."

Anglo American is a producer of diamonds (through De Beers), copper, platinum group metals, premium quality iron ore and steelmaking coal, and nickel, with crop nutrients in development.

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Kitco Media

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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