File picture: IOL

JOHANNESBURG - Mining conglomerate Anglo American said on Tuesday rough diamond sales for its subsidiary De Beers’ third sales cycle of 2018 amounted to $520 million.

"While the second quarter of the year is traditionally a seasonally slower period, we continued to see good rough diamond demand in the third sales cycle of 2018 as diamond businesses have focused on restocking following healthy consumer demand for diamond jewellery in the US and China," De Beers CEO Bruce Cleaver said.

File Image: IOL

- African News Agency (ANA)