Latest Group news
De Beers Group today announced the value of rough diamond sales (Global Sightholder Sales and Auctions) for the ninth sales cycle of 2023. The provisional rough diamond sales figure quoted for Cycle 9 represents the expected sales value for the period 4 October and 3 November and remains subject to adjustment based on final completed sales.
| Cycle 9 2023 (provisional)1 | Cycle 8 2023 (actual)2 | Cycle 9 2022 (actual) | |
|---|---|---|---|
| Sales value3 ($m) | 80 | 200 | 454 |
Notes to this table are shown at the bottom of this page.
Al Cook, CEO, De Beers Group, said: “Macro-economic challenges continue to affect the diamond sector. The retail recovery in China remains slow. And the voluntary import moratorium on rough diamonds into India will see extended Diwali holidays and factory closures in the world’s largest diamond cutting centre. In recognition of these conditions, De Beers continued with reduced rough diamond availability in the ninth sales cycle of 2023. De Beers maintained support for its Sightholders with full purchase flexibility as the midstream re-establishes an equilibrium between wholesale supply and demand.”
- ends -
1 Cycle 9 2023 provisional sales value represents sales as at 3 November.
2 Cycle 8 2023 actual sales value represents sales between the dates of 18 September and 3 October.
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 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.