De Beers Group today announced the value of rough diamond sales for the fourth sales cycle of 2024. The provisional rough diamond sales figure quoted for Cycle 4 represents the expected sales value for the period and remains subject to adjustment based on final completed sales.
|
Cycle 4 2024
(provisional)1 |
Cycle 3 2024
(actual)2 |
Cycle 4 2023
(actual) |
| Sales value3 ($m) |
380
|
446 |
479 |
Notes to this table are shown at the bottom of this page.
De Beers Group CEO Al Cook said: “As expected, De Beers’ rough diamond sales in the fourth cycle of the year trended lower, in line with the seasonally slower second quarter and a quieter period of trading in India during the elections. The focus of the global diamond industry now turns towards the JCK jewellery show in Las Vegas at the end of May. Demand trends in the US are expected to be driven by short term macroeconomic issues but supported in coming years by a recovery in engagements as the after-effects of pandemic lockdowns fade.”
- ends -
1 Cycle 4 2024 provisional sales value represents sales as at 22 May.
2 Cycle 3 2024 actual sales value represents sales between the dates of 14 March and 16 April.
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.