De Beers rough diamond sales for Cycle 5 announced!
De
Beers rough diamond sales for Cycle 5 announced!
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 |
[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.
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