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NGLOY Anglo American PLC (QX)

15.19
0.02 (0.13%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Anglo American PLC (QX) USOTC:NGLOY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.02 0.13% 15.19 14.92 15.38 15.246 15.04 15.04 354,164 21:14:29

Anglo American's De Beers Diamond Sales Fell in Fifth Cycle

21/06/2023 7:58am

Dow Jones News


Anglo American (QX) (USOTC:NGLOY)
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From Jun 2023 to Jun 2024

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By Joe Hoppe

 

Anglo American said Wednesday that rough-diamond sales for De Beers' fifth cycle of 2023 fell to a provisional $450 million from $657 million in the prior-year's fifth cycle.

The FTSE 100-listed diversified mining group said fifth-cycle sales also fell from $479 million in the fourth cycle of 2023 as the industry entered a traditionally weaker season.

There are 10 sales cycles each year. The figures for the fifth cycle represent sales as of June 20.

"Following the JCK Show, and with ongoing global macroeconomic challenges continuing to impact end-client sentiment, the diamond industry remains cautious heading into summer," De Beers Chief Executive Al Cook said.

 

Write to Joe Hoppe at joseph.hoppe@wsj.com

 

(END) Dow Jones Newswires

June 21, 2023 02:43 ET (06:43 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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