Anglo American PLC unit De Beers SA's provisional rough-diamond sales in the fourth cycle of 2019 fell to US$415 million from actual sales of US$554 million in the year-ago cycle.
CEO Bruce Cleaver said May 21 that the company saw lower rough-diamond sales during the fourth cycle due to macroeconomic uncertainty and a seasonally slower period for the industry as Indian factories are temporarily closing for the traditional holiday period.
Actual rough-diamond sales in the third cycle this year were US$581 million.