De Beers Group today announced its rough diamond sales for the first sales cycle of 2024. The provisional rough diamond sales figures quoted for Cycle 1 represent expected sales for the period and are subject to adjustment based on final completed sales.
| Cycle 1 2024 (tentative)1 |
Cycle 10 2023 (Actual)2 |
Cycle 1 2023 (Actual) |
|
|---|---|---|---|
| Sales amount3 (one million dollars) | 370 | 137 | 454 |
Notes regarding this table are at the bottom of this page.
Al Cook, CEO of De Beers Group, said: “Strong consumer demand for diamonds in the U.S. over the holiday season has undoubtedly helped stabilise the industry, with polished diamond prices rising again. Combined with the resumption of rough diamond imports into India, we have seen a strong increase in rough diamond demand in the first sales cycle of 2024. However, as the economic growth outlook for many major economies remains uncertain, we expect it will take some time for demand for rough diamonds to fully recover.”
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1 Cycle 1 2024 Provisional sales figures represent sales as of January 30th.
2 Cycle 10 2023 actual sales figures represent sales from November 9th to December 19th.
3 Sales are estimated on a consolidated basis. Auction sales included in a particular cycle are the sum of all sales from the end of the previous cycle through the end of that cycle.
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About De Beers Group
Founded in 1888, De Beers Group is the world's leading diamond company with expertise in diamond exploration, mining and sales. Together with its joint venture partners, De Beers Group employs approximately 20,000 people across the diamond pipeline and is the world's largest diamond producer by value, with diamond mining operations in Botswana, Canada, Namibia and South Africa. Innovation is at the heart of De Beers Group's strategy, developing pioneering solutions such as product portfolios such as De Beers Jewelers and Forevermark, and diamond sourcing and traceability initiatives such as Gemfair and Tracr. De Beers Group is committed to “Building Forever” – a holistic and integrated approach to creating a better future where safety, human rights and ethical integrity come first, communities thrive, the environment is protected and there is equal opportunity for all. De Beers Group is a member of the Anglo American plc group of companies. For more information, please visit www.debeersgroup.com.
