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Anglo American reports 'softer' demand for De Beers rough diamonds in fifth 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' fifth sales cycle of 2023 amounted to $450 million, lower than the fifth sales cycle of 2022 ($657 million) and lower than the previous cycle ($479 million).

In a press release, the company said that demand for De Beers rough diamonds during the fifth sales cycle of the year was “slightly softer” than in the fourth cycle as ongoing global macroeconomic challenges continue to weigh on end-client sentiment.

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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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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