Anglo American's De Beers Diamond Sales Down 3.4%

By Ian Walker Features Dow Jones Newswires

Anglo American PLC's (AAL.LN) majority-owned De Beers Group on Tuesday reported a 3.4% fall in diamond sales during the tenth cycle of the year compared with the ninth cycle, although this figure was higher than the same period last year.

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De Beers, the world's largest rough-diamond producer by value, reported provisional diamond sales of $450 million for the tenth sales cycle ended Dec. 11, compared with $466 million generated in the previous sales cycle.

Sales for the tenth cycle of 2016 were $422 million.

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

(END) Dow Jones Newswires

December 12, 2017 03:56 ET (08:56 GMT)