[miningmx.com] – DE BEERS full-year rough diamond sales are estimated to be 14% in 2014 to more than $6.5bn, said BDLive which quoted a report by diamond industry specialist, Rapaport.
The increase in sales was owing to price appreciation and a stronger than usual second half which is normally higher than the first half anyway owing to festivals such as Christmas and Thanksgiving.
“We consider this to be very positive for Anglo American. Strong diamond sales align well with data on strong US retail sales over the Holiday Season,” said Investec Securities in a note.
De Beers, which is 85% owned by Anglo American, is due to report its year-end results at the same time as its parent, on February 13, said BDLive.
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