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Anglo American plc announced that the rough diamond sales for De Beers’ fifth sales cycle of 2024 amounted to $315 million.
This provisional sales figure represents the expected value for the period and may be adjusted after final sales are completed.
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Al Cook, CEO of De Beers, noted that the northern summer is usually a quieter time for rough diamond sales, which was reflected in Cycle 5. He mentioned that the recent JCK jewelry show in Las Vegas showed a renewed interest in natural diamonds among U.S. retailers. However, he also pointed out that ongoing economic challenges in China suggest a slow U-shaped recovery in demand.
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