Anglo American Says De Beers Diamond Sales Boosted by Early Diwali
August 01 2017 - 3:28AM
Dow Jones News
By Ian Walker
LONDON--Anglo American PLC (AAL.LN)'s majority-owned De Beers
Group on Tuesday reported an 5.7% rise in diamond sales during the
sixth cycle of the year compared with the fifth cycle, as the
earlier Diwali festivities brought forward demand from Indian
diamantaires.
De Beers, the world's largest rough diamond producer by value,
reported provisional diamond sales of $572 million for the sixth
sales cycle ended July 31, compared with $541 million generated in
the previous sales cycle. Sales for the sixth cycle of 2016 were
$528 million.
-Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749
(END) Dow Jones Newswires
August 01, 2017 04:13 ET (08:13 GMT)
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