Anglo American says De Beers' diamond sales exceed pre-pandemic levels

Vector

03/02/2021 08:56

Feb 3 (Reuters) - Anglo American Plc  AAL.L  said its
diamond unit recorded higher sales in the first cycle of 2021,
boosted by robust demand ahead of the Chinese New Year and
Valentine's Day and as midstream customers restocked to fill
orders from retail businesses.
    The miner said on Wednesday the value of rough diamond sales
for De Beers' first sales cycle of 2021 was $650 million,
compared with $551 million last year, well before the COVID-19
outbreak hit an already weakened diamond market.  urn:newsml:reuters.com:*:nRSC7675Na

 (Reporting by Shanima A in Bengaluru; Editing by Amy Caren
Daniel)
 ((shanima.a@thomsonreuters.com; Direct: +91 7760347399;))