De Beers says rough diamond sales slightly lower in 6th cycle of 2018

FILE PHOTO: A still image from video shows coloured synthetic diamonds on display at De Beers' International Institute of Diamond Grading and Research in Maidenhead

FILE PHOTO: A still image from video shows coloured synthetic diamonds on display at De Beers' International Institute of Diamond Grading and Research in Maidenhead

Published Jul 31, 2018

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JOHANNESBURG - Anglo American subsidiary De Beers said on Tuesday rough diamond sales in the sixth sales cycle of 2018 amounted to $530 million, compared with $581 million in the fifth cycle and $576m during the same period last year.

"In the sixth sales cycle of the year, demand for De Beers rough diamonds was in line with expectations during the seasonally quieter summer period for the industry's midstream sector," CEO Bruce Cleaver said.

- African News Agency (ANA)

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