Anglo American's De Beers Diamond Sales +21% Ahead of Christmas Season

By Ian Walker Features Dow Jones Newswires

Anglo American PLC (AAL.LN)'s majority-owned De Beers Group on Tuesday reported a 21% rise in diamond sales during the ninth cycle of the year compared with the eighth cycle, as retail orders increased ahead of the Christmas season.

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De Beers, the world's largest rough-diamond producer by value, reported provisional diamond sales of $455 million for the ninth sales cycle ended Nov. 13, compared with $376 million generated in the previous sales cycle. Sales for the ninth cycle of 2016 were $476 million.

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

(END) Dow Jones Newswires

November 14, 2017 04:06 ET (09:06 GMT)