De Beers Group announced the value of rough diamond sales (Global Sightholder Sales and Auctions) for De Beers’ third sales cycle of 2024, amounting to $445 million. The provisional rough diamond sales figure quoted for Cycle 3 represents the expected sales value for the period and remains subject to adjustment based on final completed sales.
Al Cook, CEO of De Beers, said: “Many diamond businesses are continuing to take a cautious approach to purchases amidst the uncertain economic landscape and the slow pace of growth in China. However, we saw a further uptick in our rough diamond sales in our third sales cycle, ahead of what is usually a slower period for rough diamond demand in the second quarter of the year.”
| DeBeers | Cycle 3 2024
(provisional)[1] |
Cycle 2 2024
(actual)[2] |
Cycle 3 2023
(actual) |
| Sales value[3]($m) | 445 | 431 | 542 |
Note:
[1] Cycle 3 2024 provisional sales value represents sales as at 16 April.
[2] Cycle 2 2024 actual sales value represents sales between the dates of 1 February and 12 March.
[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.
