Anglo American's De Beers Saw Increased Demand in First 2018 Sales

By Oliver Griffin Features Dow Jones Newswires

Anglo American PLC's (AAL.LN) majority-owned De Beers Group said Tuesday that demand for rough diamonds increased in the first sales cycle of 2018 compared with the previous cycle.

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De Beers, he world's largest rough-diamond producer by value, said that provisional diamond sales in the first cycle on Jan. 29 grew to $665 million, up from $455 million in the tenth sales cycle of 2017.

Sales for the first cycle of 2017 were $729 million, a period De Beers's CEO Bruce Cleaver said benefited from purchases that had been deferred from late in 2016.

Write to Oliver Griffin at

(END) Dow Jones Newswires

January 30, 2018 02:35 ET (07:35 GMT)