Rough diamond sales value for De Beers’ ninth sales cycle of 2022
Anglo American plc announces the value of rough diamond sales (Global Sightholder Sales and Auctions) for De Beers’ ninth provisional sales cycle of 2022, amounting to $450 million.
Cycle 8 2022 had actual sales value of $508m. Cycle 8 2022 actual sales value represents sales between the dates of 19 September and 4 October.
Cycle 9 2021 had actual sales value of $438m. Cycle 9 2022 provisional sales value represents sales as at 15 November 2022.
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.
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.
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.”
