By Ian Walker
Anglo American PLC (AAL.LN) said Wednesday that its majority-owned De Beers Group sold 31% more rough diamonds in the ninth sales cycle of the year, compared with the earlier cycle.
The diversified mining company said diamond producer De Beers--which reports on 10 sales cycles each year--sold $390 million of rough diamonds in the ninth cycle of the year compared with $297 million for the eight cycle.
In the ninth cycle of 2018, De Beers sold $442 million of rough diamonds.
"With signs of increasing polished price stability, Cycle 9 saw an improvement in sentiment from rough diamond buyers," De Beers Chief Executive Bruce Cleaver said.
By Ian Walker at firstname.lastname@example.org