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NGLOY Anglo American PLC (QX)

16.37
-0.03 (-0.18%)
01 May 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
  -0.03 -0.18% 16.37 16.36 17.25 16.6399 16.30 16.33 199,604 21:57:00

Anglo American's De Beers Reports 28% Rise in Diamond Sales

29/01/2020 7:44am

Dow Jones News


Anglo American (QX) (USOTC:NGLOY)
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By Ian Walker

 

Anglo American PLC (AAL.LN) said Wednesday that its majority-owned De Beers Group sold 28% more rough diamonds in the first sales cycle of the year than the previous cycle.

The diversified mining company said diamond producer De Beers--which reports on 10 sales cycles each year--sold $545 million of rough diamonds in the first cycle of the year compared with $426 million for the 10th cycle of last year

In the first cycle of 2019, De Beers sold $500 million of rough diamonds.

"Demand for rough diamonds increased...following the end-of-year selling season and subsequent inventory restocking," De Beers Chief Executive Bruce Cleaver said.

 

Write to Ian Walker at ian.walker@wsj.com

 

(END) Dow Jones Newswires

January 29, 2020 02:29 ET (07:29 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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