StockMarketWire.com - Anglo American announces the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for De Beers' fifth sales cycle of 2019, amounting to $390m.

This compared with $416m for the fourth cycle of 2019 and $581m for the fifth cycle of 2018.

Bruce Cleaver, CEO, De Beers Group, said: 'While overall retail sentiment for diamond jewellery in the US remains solid, a more challenging environment in China and higher than normal polished diamond inventories in the midstream resulted in a cautious approach from rough diamond buyers during the fifth cycle of 2019.'




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