Anglo American News

De Beers has reported provisional rough sales of $515 million at its 7th Sales Cycle

According to the CEO, the outlook remains “positive for the second half of the year”

De Beers sold $650 million worth of rough diamonds at its first sale of the year

De Beers expects “reasonable demand to continue throughout the holiday season”

De beers’ production fell 4% year-on-year due to “planned reductions” in output

The miner raked in $467 million - a 36% increase year-over-year

Sources: De Beers “is cutting the price of stones under a carat”

The fall is mainly attributed to “the Covid-19 lockdowns in southern Africa”

Both companies remain committed to to their price-over-volume strategy

De Beers promises "immediate, direct and straightforward purchase" of rough

De Beers is expected to allow 100% deferrals on all goods

De Beers responds to a fall in mining operations, wholesale trading activity and consumer traffic

The course, which normally costs $250, includes 8 modules and will be accessible for four months

"No one is expecting more than 10% or 15% of the goods to be sold”

De Beers promised to put in place “additional targeted flexibility" for its sightholders

Revenue decreased 24% to $4.6 billion and rough diamond sales fell 26% to $4 billion

Botswana and De Beers’ huge 10-year sale agreement is expected to expire by the end of 2020

De Beers’s 1st sale of the year totaled $545 million - a big increase year-on-year