Anglo American PLC on Thursday said rough diamond sales by De Beers weakened due to seasonally slower second quarter and a quieter period of trading in India.
The London-based miner said provisional.
Diamond miner De Beers sold $380-million worth of rough diamonds during its fourth sales cycle of this year, compared with the $446-million of diamonds sold during the third sales cycle of this year. Sales were also lower than the $479-million of diamonds sold during the fourth sales cycle of 2023.
Anglo American said on Thursday its diamond subsidiary De Beers saw sales fall almost 15% to $380 million (R7 billion) in its fourth sales cycle relative to the third, also dropping just over a fifth year-on-year.
De Beers Rough Sales Dip to $380m idexonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from idexonline.com Daily Mail and Mail on Sunday newspapers.
In a statement, Signet, one of the largest diamond retailers in the world and diamond miner De Beers announced they will be collaborating on a marketing project to boost demand for natural diamonds.