AAL

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

Credit: REUTERS/RODRIGO GARRIDO

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.

(Reporting by Shanima A in Bengaluru; Editing by Amy Caren Daniel)

((shanima.a@thomsonreuters.com; Direct: +91 7760347399;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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