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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 |
By Ian Walker
Anglo American PLC's (AAL.LN) majority-owned De Beers Group on Tuesday reported a fall in rough diamond sales for the fourth sales cycle of the year, citing a backdrop of macroeconomic uncertainty.
De Beers--which reports on 10 sales cycles each year--sold $415 million of rough diamonds in the fourth cycle of the year compared with $554 million for the same cycle in 2018.
In the third cycle of 2019, De Beers sold $581 million of rough diamonds.
"Cycle four saw lower rough diamond sales against a backdrop of macroeconomic uncertainty, and as we enter a seasonally slower period for the industry with Indian factories closing temporarily for the traditional holiday period," De Beers Chief Executive Bruce Cleaver said.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
May 21, 2019 02:33 ET (06:33 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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