South Africa: De Beers sold $418 million of diamonds in tenth sales cycle
Friday, 16 December 2016 08:55
De Beers Consolidated Mine, subsidiary of Anglo American, said it has generated $418 million in its tenth sales cycle for 2016, down from $470 million in the ninth. The firm has generated a total of $5.558 billion over its ten sale cycles.
“We continued to see good demand for our rough diamonds in the latest sales cycle,” says De Beers CEO Bruce Cleaver.
De Beers Consolidated Mine is the world’s largest diamond company. It provides almost the third of the world’s rough diamond production and employs more than 20,000 people. Its mother-company, Anglo American, is the world’s 27th largest mining firm, according to PwC’s latest report.
Louis-Nino Kansoun
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