De Beers Group today announced the value of rough diamond sales (Global Sightholder Sales and Auctions) for the seventh sales cycle of 2023. The provisional rough diamond sales figure quoted for Cycle 7 represents the expected sales value for the period 14 and 29 August and remains subject to adjustment based on final completed sales.
|
Cycle 7 2023
(provisional)1 |
Cycle 6 2023
(actual)2 |
Cycle 7 2022
(actual) |
Sales value3 ($m) |
370
|
411 |
638 |
Notes to this table are shown at the bottom of this page.
Al Cook, CEO, De Beers Group, said: “With the prevailing economic environment leading to softer end client demand for diamond jewellery in key consumer markets, and the traditionally lower levels of midstream trading during the summer period, Sightholders continued to take a prudent approach to their purchasing during the seventh sales cycle of the year.”
-Ends-
1Cycle 7 2023 provisional sales value represents sales as at 29 August 2023
2Cycle 6 2023 actual sales value represents sales between the dates of 10 and 25 July
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.