Mining company Anglo American said on Wednesday that the value of its rough diamond sales for De Beers’ second sales cycle of 2022 had amounted to roughly $650.0m, down $10.0m on the first cycle of 2022 but up $100.0m year-on-year.
Anglo American stated that owing to restrictions on the movement of people and products in various jurisdictions around the globe, De Beers Group had continued to implement “a more flexible approach” to rough diamond sales during the second sales cycle of 2022, with its sight event extended beyond its normal week-long duration.
As a result, the FTSE 100-listed firm noted that its provisional rough diamond sales figure for Cycle 2 represented the expected sales value for the period 21 February to 8 March and remained subject to adjustment based on final completed sales.
Chief executive Bruce Cleaver said: “The second sales cycle of the year saw the continuation of robust rough diamond demand underpinned by sustained positive consumer sentiment.”
As of 0820 GMT, Anglo American shares were up 0.56% at 3,854.0p.
