Anglo American has announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for De Beers’ 2nd sales cycle of 2020, which amounted to $355 million.
In the 1st cycle of the year, De Beers raked in $501 million. In the corresponding cycle in 2019, De Beers raked in $496 million.
Bruce Cleaver, CEO of De Beers Group, said: “Following an improvement in demand for rough diamonds during the first sales cycle of 2020, we recognised the impact of COVID-19 Coronavirus on customers focused on supplying the Chinese market and put in place additional targeted flexibility to enable customers to defer allocations of the relevant rough diamonds”.