De Beers sales drop to $315m amid search for new owner

De Beers’ sales of roughs fell for the second time this year, with the Anglo American’s (LON: AAL) unit recording a provisional $315 million, down from $383 million in the previous cycle and $456 million at this time last year.

The world’s largest diamond producer by value attributed the dip to the quieter summer period, but industry experts believe the results show that the diamond market remains in the doldrums.

“With the key China market struggling amid renewed graft investigations...