De Beers Group announced the value of rough diamond sales (Global Sightholder Sales and Auctions) for the fourth sales cycle of 2023. The provisional rough diamond sales figure quoted for Cycle 4 represents the expected sales value for the period 1 and 16 May and remains subject to adjustment based on final completed sales.
Al Cook, CEO, De Beers Group, said: “Sales of our rough diamonds in the fourth sales cycle of the year saw a small decrease from the previous cycle as the industry has entered what is traditionally a seasonally quieter period. Rough diamond demand was also influenced by ongoing macroeconomic uncertainty and a slower pace of recovery in consumer demand from China than was widely anticipated.”
| De Beers | Cycle 4 2023
(provisional)[1] |
Cycle 3 2023
(actual)[2] |
Cycle 4 2022
(actual) |
| Sales value[3]($m) | 480 | 542 | 604 |
Note:
* Cycle 4 2023 provisional sales value represents sales as at 16 May 2023
* Cycle 3 2023 actual sales value represents sales between the dates of 27 March and 11 April
* 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.
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