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Anglo American reports lower rough diamond sales in sixth 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' sixth sales cycle of 2023 amounted to $410 million, lower than the sixth sales cycle of 2022 ($638 million) and lower than the previous cycle ($456 million).

In a press release, the company said that in line with seasonal trends, rough diamond sales continued at a lower level during the sixth sales cycle of the year.

"Participants in the diamond industry's midstream sector continue to take a cautious approach to purchases in light of ongoing macroeconomic challenges," it added.

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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