Anglo American announces the value of rough diamond sold to $520 million

Seeing a steady demand for rough diamonds

Anglo American plc announces the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for De Beers’ fourth sales cycle of 2017, amounting to $520 million. Cycle 4 2017 provisional sales value represents sales as at 15 May 2017.

Bruce Cleaver, CEO of De Beers, said: “We are continuing to see steady demand for rough diamonds, despite the industry entering a typically quieter season. Sentiment remains positive as we head towards the important Las Vegas trade show in early June.”