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Anglo American PLC said on Wednesday it continued to see ‘good’ demand for rough diamonds, pointing to ‘encouraging positive’ trends in consumer demand for diamond jewellery. The London-based mining company said provisional rough diamond sales value for the third sales cycle of 2023 rose to $540 million, up 8.7% from $497 million in the second cycle. But sales in the latest cycle were 4.6% lower than $566 million in cycle two last year. The provisional rough diamond sales figure quoted for cycle three represents the expected sales value for the period March 27 and April 11 and remains subject to adjustment based on final completed sales. Cycle two actual sales value represents sales between the dates of February 20 and March 7. ‘We have continued to see good demand for our rough diamonds over the third sales cycle of the year as we move into the second quarter of 2023,’ De Beers Chief Executive Al Cook said. ‘Sales were in line with expectations and we continue to see some encouraging positive trends in consumer demand for diamond jewellery, not least in China where we’re beginning to see some signs of recovery in consumer confidence following the relaxation of travel restrictions,’ Cook said. Copyright 2023 Alliance News Ltd. All Rights Reserved.
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