Press release – De Beers Group [announced February 4] the value of rough diamond sales (Global Sightholder Sales and Auctions) for the first sales cycle of 2022.
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 first sales cycle of 2022, with the Sight event extended beyond its normal week-long duration. As a result, the provisional rough diamond sales figure quoted for Cycle 1 represents the expected sales value for the period 17 January to 1 February and remains subject to adjustment based on final completed sales.
| Cycle 1 2022 (provisional)1 |
Cycle 10 2021 (actual)2 |
Cycle 1 2021 (actual) |
|
| Sales value3 ($m) | 660 | 336 | 663 |
Bruce Cleaver, CEO, De Beers Group, said: “As anticipated, there was strong growth in consumer demand for diamond jewellery over the end of year holiday season. As a result, we saw the continuation of robust rough diamond demand in the first sales Cycle of the year as buyers focus on restocking depleted inventories.”
Notes
1. Cycle 1 2022 provisional sales value represents sales as at 1 February 2022.
2. Cycle 10 2021 actual sales value represents sales between the dates of 6 December to 21 December.
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.
