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Diamond industry adopts cautious move

Anglo American Chief Executive Officer (CEO), Bruce Cleaver, says as the diamond industry heads into the slower second quarter of the year, the diamond businesses are adopting a more cautious approach.

Commenting on De Beers’ rough diamond sales for the for the third cycle of 2022, Cleaver said the cautious approach is being taken in light of the war in Ukraine and associated sanctions, as well as COVID-19 lockdowns in China.

During the third cycle, De Beers’ US$563 million, a drop from US$652 million registered in the second cycle of the year.

Owing to the restrictions on the movemen...

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