De Beers Group today announced the value of rough diamond sales for the tenth sales cycle of 2023. The provisional rough diamond sales figure quoted for Cycle 10 represents the expected sales value for the period between 9 November and 19 December and remains subject to adjustment based on final completed sales.
|
Cycle 10 2023
(provisional)1 |
Cycle 9 2023
(actual)2 |
Cycle 10 2022
(actual) |
| Sales value3 ($m) |
130
|
86 |
417 |
Notes to this table are shown at the bottom of this page.
Al Cook, CEO, De Beers Group, said: “In the final sales cycle of 2023, De Beers continued to offer lower levels of rough diamond supply, in line with current demand. As the end-of-year holiday season progresses, we are seeing signs that the diamond industry is regaining its balance between wholesale supply and demand. Polished diamond prices look to have stabilised as inventory levels have decreased, though we expect improvements in rough diamond trading conditions to be gradual.”
- ends -
1 Cycle 10 2023 provisional sales value represents sales as at 19 December.
2 Cycle 9 2023 actual sales value represents sales between the dates of 4 October and 3 November.
3 Sales 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.