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De Beers has biggest diamond sale in a year as buyers return

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London - De Beers had its biggest diamond sale in at least a year as the gem industry restocked after the key holiday period.

The company, owned by Anglo American [JSE:AGL], sold $720m of diamonds in its first sale of the year, compared with $545m at last year’s January offering, it said in a statement on Tuesday.

The world’s biggest diamond producer said it saw "good demand" across most diamond categories, while there was a larger-than-usual gap between its previous sale.

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