De Beers rakes in R6.8bn in diamond sales

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Johannesburg - De Beers generated $520m (R6.8bn) in diamond sales for the fourth sales cycle of 2017.

The diamond producer, owned by Anglo American [JSE:AGL], released its rough diamond sales data on Tuesday.

The sales are down 11% from the previous cycle, where sales came to $586m (R7.6bn). Compared to the fourth cycle in 2016, where sales were $636m (R8.3bn), sales were down 18%.

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