Anglo American: De Beers' Cycle 5 Rough Diamond Sales Rise 1.5%

By Ian Walker Features Dow Jones Newswires

Anglo American PLC (AAL.LN)'s majority-owned De Beers Group Tuesday reported an 1.5% rise in diamond sales during the fifth cycle of the year compared with the fourth cycle, after experiencing good demand following the Las Vegas trade show earlier this month.

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De Beers, the world's largest rough diamond producer by value, reported provisional diamond sales of $530 million for the fifth sales cycle ended June 19, compared with $522 million generated in the previous sales cycle. Sales for the fifth cycle of 2016 were $564 million.

-Write to Ian Walker at; @IanWalk40289749

(END) Dow Jones Newswires

June 20, 2017 03:38 ET (07:38 GMT)