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De Beers' 10th rough diamond sales cycle slumps YOY

Anglo American PLC unit De Beers SA's provisional sales in the 10th and final cycle of 2019 totaled US$425 million, a decline from year-ago actual sales of US$544 million.

The figure represented an increase from actual sales of US$400 million in the ninth sales cycle.

De Beers CEO Bruce Cleaver said in a Dec. 18 news release that the producer saw steady demand for rough diamonds ahead of the 10th sales cycle after continued stability in polished diamond prices.