De Beers Group reported rough diamond sales (Global Sightholder Sales and Auctions) of $450 million at the ninth sales cycle of 2022, which was 2.7% higher versus a year ago and 11% below the preceding eighth cycle of this year.
Bruce Cleaver, CEO, De Beers Group, said: “We saw good demand for our rough diamonds during Cycle 9 with sales reflecting what is traditionally a quieter time for the diamond midstream ahead of polishing factories reopening in India following the Diwali holidays.”
| Cycle 9 2022 (provisional) | Cycle 8 2022 (actual) | Cycle 9 2021 (actual) | |
| Sales value ($m) | 450 | 508 | 438 |