De Beers generates $490M in rough diamond sales in eighth cycle of 2021 on 'robust' demand

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(Kitco News) - Anglo American announcedtoday that the value of rough diamond sales (Global Sightholder Sales andAuctions) for De Beers' eighth sales cycle of 2021 (period from 4 October to 19October) was $490 million.

Bruce Cleaver, CEO of DeBeers Group, said, "As the diamond sector prepares for the key holiday season andUS consumer demand for diamond jewellery continues to perform strongly, we sawfurther robust demand for rough diamonds in the eighth sales cycle of the yearahead of the Diwali holiday when demand for rough diamonds is likely to beaffected by the closure of polishing factories in India."

De Beers is the world'sleading diamond company with in-depth expertise in the exploration, mining andmarketing of rough diamonds since 1888. The company's diamond mining spans twocontinents and four countries - Botswana, Canada, Namibia and South Africa.

By Vladimir Basov

For Kitco News

Follow kitconewsnow vbasov@kitco.comwww.kitco.com Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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