De Beers said rough diamond sales at its sixth Sight of 2023 fell 36% year on year to $410 million due to the cautious approach taken by the midstream sector amid prevailing macroeconomic challenges.
The rough diamond sales at its fifth Sight in 2023 recorded a total value of $456 million, while the sales for the sixth sight in 2022 amounted to $638 million.
Al Cook, CEO, De Beers Group, said: “In line with seasonal trends, rough diamond sales continued at a lower level during the sixth sales cycle of the year. Participants in the diamond industry’s midstream sector continue to take a cautious approach to purchases in light of ongoing macroeconomic challenges.”
| Cycle 6 2023
(provisional) |
Cycle 5 2023
(actual) |
Cycle 6 2022
(actual) |
|
| Sales value ($m) | 410 | 456 | 638 |