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De Beers Group rough diamond sales for cycle 2, 2023

08 Mar 2023

De Beers Group today announced the value of rough diamond sales (Global Sightholder Sales and Auctions) for the second sales cycle of 2023. The provisional rough diamond sales figure quoted for Cycle 2 represents the expected sales value for the period 20 February and 7 March and remains subject to adjustment based on final completed sales.


Cycle 2 2023
(provisional)1
Cycle 1 2023
(actual)2
Cycle 2 2022
(actual)
Sales value3 ($m) 495
454 652

Notes to this table are shown at the bottom of this page.

Al Cook, CEO, De Beers Group, said: “In this, my first Sight update to the market, I am pleased to see continued steady demand for rough diamonds in line with our expectations for sales as the year progresses. For example, we know that Sightholders planned more of their purchases for later in 2023, given the economic uncertainty at the time they were taking their planning decisions at the end of 2022. It is also encouraging to see some positive trends in end client demand for diamond jewellery at the start of the year.”

-Ends-

1Cycle 2 2023 provisional sales value represents sales as at 7 March 2023
2Cycle 1 2023 actual sales value represents sales between the dates of 16 January and 31 January
3Sales values are quoted on a consolidated accounting basis. Auction sales included in a given cycle are the sum of all sales between the end of the preceding cycle and the end of the noted cycle.

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About De Beers Group

Established in 1888, De Beers Group is the world’s leading diamond company with expertise in the exploration, mining and marketing of diamonds. Together with its joint venture partners, De Beers Group employs around 20,000 people across the diamond pipeline and is the world’s largest diamond producer by value, with diamond mining operations in Botswana, Canada, Namibia and South Africa. Innovation sits at the heart of the De Beers Group strategy as it develops a portfolio of offers, including De Beers Jewellers and Forevermark, and other pioneering solutions such as diamond sourcing and traceability initiatives, including GemFair and Tracr. De Beers Group is committed to ‘Building Forever,’ a holistic and integrated approach for creating a better future – where safety, human rights and ethical integrity continue to be paramount; where communities thrive and the environment is protected; and where there are equal opportunities for all. De Beers Group is a member of the Anglo American plc group. For further information, visit www.debeersgroup.com.