De Beers Expands Diamond Sale for Third Time in Sign of Recovery
- CEO points to `significantly stronger' demand for rough stones
- Shares of parent Anglo rise up to 9.4%, highest since October
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De Beers increased diamond sales at its third offering this year in a sign of recovering demand for rough gems after a slump last year. Shares of listed parent Anglo American Plc surged as much as 9.4 percent.
De Beers sold $660 million of diamonds in April, the diamond miner said in a statement Tuesday. That’s up from the $617 million of the previous sale and $545 million in January.