De Beers Group reported a 17% rise in rough diamond production to 7.1 million carats in Q1 2026, driven by higher volumes from Canada and South Africa.
The increase was operational. Canada recorded the sharpest growth, with production rising to 1.0 million carats, up 163% on planned ore release from Gahcho Kué. South Africa output surged 53% to 0.7 million carats, supported by higher underground volumes at Venetia. Botswana grew 5% to 4.8 million carats, while Namibia declined 12% to 0.6 million carats due to vessel maintenance.
The consolidated average realised price fell 19% to $101/carat, while the De Beers price index dropped 17%, reflecting weaker rough pricing and a shift towards lower-value goods.
Despite this, sales volumes rose to 7.7 million carats (100% basis), with revenue increasing 25% to $648 million.
De Beers explicitly flagged “challenged” rough diamond trading conditions due to industry, geopolitical and tariff headwinds.
Guidance remains unchanged at 21-26 million carats for 2026, with the company stating it will continue to align output with prevailing demand.
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