De Beers cycle 4 valued US$ 480mn

May 18, 2023

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


Cycle 3 2023


Cycle 4 2022


Sales value[3]($m) 480 542 604



* 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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