Anglo American Says De Beers Diamond Sales Boosted by Early Diwali

By Ian Walker Features Dow Jones Newswires

Anglo American PLC (AAL.LN)'s majority-owned De Beers Group on Tuesday reported an 5.7% rise in diamond sales during the sixth cycle of the year compared with the fifth cycle, as the earlier Diwali festivities brought forward demand from Indian diamantaires.

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De Beers, the world's largest rough diamond producer by value, reported provisional diamond sales of $572 million for the sixth sales cycle ended July 31, compared with $541 million generated in the previous sales cycle. Sales for the sixth cycle of 2016 were $528 million.

-Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749

(END) Dow Jones Newswires

August 01, 2017 04:13 ET (08:13 GMT)