Press release – De Beers Group [announced March 15] the value of rough diamond sales (Global Sightholder Sales and Auctions) for the second 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 second 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 2 represents the expected sales value for the period 21 February to 8 March and remains subject to adjustment based on final completed sales.
| Cycle 2 2022 (provisional)1 |
Cycle 1 2022 (actual)2 |
Cycle 2 2021 (actual) |
|
| Sales value3 ($m) | 650 | 660 | 550 |
Bruce Cleaver, CEO, De Beers Group, said: “The second sales cycle of the year saw the continuation of robust rough diamond demand underpinned by sustained positive consumer sentiment.
“We have been shocked and saddened by the war in Ukraine, and our hearts go out to the Ukrainian people. De Beers will donate US$ 1 million to aid organisations that are operating in the region and providing support to those affected by the war.”
Notes
1. Cycle 2 2022 provisional sales value represents sales as at 8 March 2022.
2. Cycle 1 2022 actual sales value represents sales between the dates of 17 January to 1 February.
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.
