De Beers Group [announced December 21] the value of rough diamond sales (Global Sightholder Sales and Auctions) for the tenth 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 tenth 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 10 represents the expected sales value for the period 5 December to 20 December and remains subject to adjustment based on final completed sales.
| Cycle 10 2022 (provisional)1 |
Cycle 9 2022 (actual)2 |
Cycle 10 2021 (actual) |
|
| Sales value3 ($m) | 410 | 454 | 336 |
Bruce Cleaver, CEO, De Beers Group, said: “Demand for our rough diamonds over the final sales cycle of 2022 was in line with expectations, ahead of the normal seasonal closure of polishing factories in southern Africa over the Christmas period and with Sightholders taking a prudent approach ahead of restocking after Christmas and the expected re-opening of the China market.”
Notes
1. Cycle 10 2022 provisional sales value represents sales as at 20 December 2022.
2.Cycle 9 2022 actual sales value represents sales between the dates of 31 October and 15 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.
