Press release – De Beers Group [announced Novemebr 16 ] the value of rough diamond sales (Global Sightholder Sales and Auctions) for the ninth 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 ninth 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 9 represents the expected sales value for the period 31 October to 15 November remains subject to adjustment based on final completed sales.
| Cycle 9 2022 (provisional)1 |
Cycle 8 2022 (actual)2 |
Cycle 9 2021 (actual) |
|
| Sales value3 ($m) | 450 | 508 | 438 |
Bruce Cleaver, CEO, De Beers Group, said: “We saw good demand for our rough diamonds during Cycle 9 with sales reflecting what is traditionally a quieter time for the diamond midstream ahead of polishing factories reopening in India following the Diwali holidays.”
Notes
1. Cycle 9 2022 provisional sales value represents sales as at 15 November 2022.
2. Cycle 8 2022 actual sales value represents sales between the dates of 19 September to 04 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.
