Press release – De Beers Group [announced July 27] the value of rough diamond sales (Global Sightholder Sales and Auctions) for the sixth 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 sixth 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 6 represents the expected sales value for the period 11 July to 26 July and remains subject to adjustment based on final completed sales.
| Cycle 6 2022 (provisional)1 |
Cycle 5 2022 (actual)2 |
Cycle 6 2021 (actual) |
|
| Sales value3 ($m) | 630 | 657 | 514 |
Bruce Cleaver, CEO, De Beers Group, said: “Following a period of consistently robust demand in the first half, we continued to see steady demand for De Beers rough diamonds in the sixth sales cycle of the year. However, the diamond industry continues to adopt a watchful approach in light of the risks to consumer sentiment presented by macroeconomic challenges.”
Notes
1. Cycle 6 2022 provisional sales value represents sales as at 26 July 2022.
2. Cycle 5 2022 actual sales value represents sales between the dates of 6 June to 21 June.
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.
