Anglo American PLC (AAL.LN)'s majority-owned De Beers Group Tuesday reported an 11% fall in diamond sales during the fourth cycle of the year compared with the third cycle, but said it continues to see steady demand despite the industry entering a typically quieter season.
De beers' Chief Executive Bruce Cleaver said sentiment remains positive as the company heads towards the important Las Vegas trade show in early June.
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De Beers, the world's largest rough diamond producer by value, reported provisional diamond sales of $520 million for the fourth sales cycle ended May 15, compared with $586 million generated in the previous sales cycle. Sales for the fourth cycle of 2016 were $636 million.
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(END) Dow Jones Newswires
May 16, 2017 03:37 ET (07:37 GMT)