Anglo American Anticipates Stable Diamond Demand In The Eighth Sales Cycle In 2022

6 OCT 2022

Anglo American said on Wednesday that the tentative value of raw diamond sales for De Beers' eighth sales cycle in 2022 was $500 million

Which was higher than the eighth sales cycle in 2021 ($492 million) but lower than the prior cycle ($638 million)

Raw diamonds during sales cycle 8 was " line with what is normally a quieter time of year for the diamond sector

As polishing plants in India prepare for shutdown ahead of the Diwali vacations

The sustained consumer demand for diamond jewellery ahead of the important Christmas sales season in the US reflects the steady overall demand

Anglo American is a prominent producer of diamonds (through De Beers), copper, platinum group metals, iron ore and metallurgical coal, and nickel, with agricultural fertilisers under development and thermal coal operations slated for divestiture