Anglo American PLC (LSE:AAL)'s De Beers Group sold US$515mln of rough diamonds in the seventh sales cycle of 2021 and said sentiment continues to be positive.
The provisional sales figure for the period 23 August to 7 September, is little changed from the US$514mln sold in this year’s sixth cycle and is 54% higher than the seventh cycle of 2020.
"Sentiment in the diamond industry's midstream continues to be positive and this is reflected in our sales for Sight 7,” said Bruce Cleaver, chief executive of De Beers. “Demand for rough diamonds is a result of robust demand for polished diamonds in our key markets of the US and China.”
“The midstream's optimism for the remainder of the year was also evident at the recent JCK Las Vegas trade show which was a success despite being held under challenging circumstances. As we now head towards a traditionally slower period for rough diamond sales, we remain cognisant of the risks to economic recovery from the global pandemic."