De Beers Has Biggest Diamond Sale in a Year as Buyers Return
- Top producer sells $720 million of rough gems at January sale
- Anglo American unit remains cautious about Indian demand
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 Plc, sold $720 million of diamonds in its first sale of the year, compared with $545 million at last year’s January offering, it said in a statement 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.