De Beers Rough Sales Rise 23% To $630 Mn At 6th Sight

De Beers sold rough diamonds worth $630 million at its sixth sight of 2022 that ran from 11th to 26th July, a 23% increase year-on-year. However, sales were 4% below the preceding fifth sight of 2022.

Bruce Cleaver, CEO, De Beers Group, said: “Following a period of consistently robust demand in the first half, we continued to see steady demand for De Beers rough diamonds in the sixth sales cycle of the year. However, the diamond industry continues to adopt a watchful approach in light of the risks to consumer sentiment presented by macroeconomic challenges.”

Cycle 6 2022 (provisional)Cycle 5 2022 (actual)Cycle 6 2021 (actual)
Sales value ($m)630657514

 Source: De Beers

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