Anglo American's De Beers Diamond Sales Rise Despite Economic Uncertainty, China Slowdown
Provided by
Dow Jones
By Ian Walker
Anglo American said rough-diamond sales by its majority-owned De Beers rose slightly in the third cycle of the year compared with the earlier cycle despite the uncertain economic situation and slow growth in China.
The FTSE 100 diversified mining company said Wednesday that De Beers sold $445 million of diamonds in the third sales cycle of the year compared with $431 million in the second cycle and $542 million in the third cycle of 2023. There are 10 sales cycles each year.
Anglo American said the sales figures are provisional as at Tuesday.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
April 17, 2024 02:34 ET (06:34 GMT)
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