- On Wednesday, Anglo American announced that the provisional value of rough diamond sales for De Beers' sixth sales cycle of 2023 amounted to $410 million, lower than the sixth sales cycle of 2022 and lower than the previous cycle .
In a press release, the company said that in line with seasonal trends, rough diamond sales continued at a lower level during the sixth sales cycle of the year. "Participants in the diamond industry's midstream sector continue to take a cautious approach to purchases in light of ongoing macroeconomic challenges," it added.
Anglo American is a producer of diamonds , copper, platinum group metals, premium quality iron ore and steelmaking coal, and nickel, with crop nutrients in development.
Source: News Formal (newsformal.com)
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