Anglo’s sale of De Beers hindered by diamond market state
Anglo American has warned of more production cuts at De Beers due to reduced spending by Chinese consumers prolonging the market downturn.
MOSCOW, April 10 (Reuters) – Russia’s diamond miner Alrosa said on Tuesday that its sales of rough and polished diamonds totalled $559.5 million in March.
“There was a slight seasonal cooling off in demand in March,” Alrosa Deputy CEO Yury Okoemov said, according to a company statement.
Alrosa’s total diamond sales in the first quarter 2018 amounted to $1.606 billion, the company said.
(Reporting by Diana Asonova; Writing by Maria Tsvetkova; Editing by Vladimir Soldatkin)
