Latest Group news
De Beers Group today announced the value of rough diamond sales (Global Sightholder Sales and Auctions) for the third sales cycle of 2021. Owing to the restrictions on the movement of people and products in various jurisdictions around the globe, De Beers Group has continued to implement a more flexible approach to rough diamond sales during the third sales cycle of 2021, with the Sight event extended beyond its normal week-long duration. As a result, the provisional rough diamond sales figure quoted for Cycle 3 represents the expected sales value for the period 22 March to 6 April and remains subject to adjustment based on final completed sales.
| Cycle 3 2021 (provisional)1 |
Cycle 2 2021 (actual)2 |
Cycle 3 2020 (actual) |
|
| Sales value3 ($m) | 440 |
550 | 0 |
Notes to this table are shown at the bottom of this page.
Bruce Cleaver, CEO, De Beers Group, said: “Following a good holiday season and that trend continuing during the first quarter of 2021, we have again seen solid demand for rough diamonds as we begin a traditionally quieter period of the year for the diamond industry. Sales were in line with expectations and both market sentiment and overall industry conditions remain positive. However, with pandemic developments in Europe and Mumbai’s recent lockdown resulting in the Bharat Diamond Bourse being closed, it is clear that we will continue to see challenges relating to Covid-19.”
-Ends-
1 Cycle 3 2021 provisional sales value represents sales as at 6 April 2021.
2 Cycle 2 2021 actual sales value represents sales between the dates of 22 February and 08 March.
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.
Contact
Press office
Tel +44 (0) 20 7430 3434
[email protected]
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 more than 20,000 people across the diamond pipeline and is the world’s largest diamond producer by value, with mining operations in Botswana, Canada, Namibia and South Africa. Innovation sits at the heart of the De Beers Group strategy as it develops its portfolio of brands, including De Beers Jewellers and Forevermark, and other pioneering solutions, such as recently launched diamond sourcing and traceability initiatives GemFair and Tracr. De Beers Group employees are committed to ‘Building Forever,’ a holistic and integrated approach for creating a better future – one that is fairer, safer, cleaner and healthier; where safety, human rights and ethical integrity continue to be paramount; and where communities thrive and the environment is protected. De Beers Group is a member of the Anglo American plc group. For further information, visit www.debeersgroup.com.