De Beers Group announced the value of rough diamond sales for the fifth sales cycle of 2024. The provisional rough diamond sales figure quoted for Cycle 5 represents the expected sales value for the period and remains subject to adjustment based on final completed sales.
De Beers Group CEO Al Cook said: “The northern summer is generally a quieter period for rough diamond sales, and this was reflected in our cycle 5 sales. The recent annual JCK jewellery show in Las Vegas confirmed a resurgence in retailers’ interest in natural diamonds in the United States but ongoing economic growth challenges in China mean we continue to expect a protracted U-shaped recovery in demand.”
| DeBeers | Cycle 5 2024
(provisional)[1] |
Cycle 4 2024
(actual)[2] |
Cycle 5 2023
(actual) |
| Sales value[3]($m) | 315 | 383 | 456 |
Note:
[1] Cycle 5 2024 provisional sales value represents sales as at 25 June.
[2] Cycle 4 2024 actual sales value represents sales between the dates of 18 April and 22 May.
[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.
