De Beers’ rough diamond sales (Global Sightholder Sales and Auctions) for the seventh sight of 2022, at $630 million, were marginally lower (-1.2%) than the preceding 6th sight of 2022 ($638 million) and 21% higher year-on-year ($522 million).
Bruce Cleaver, CEO, De Beers Group, said: “De Beers Group rough diamond sales continued at a steady level in the seventh sales cycle of 2022. In line with normal seasonal trends, we anticipate that sales in the next few cycles will be affected by the temporary closure of polishing factories for the Diwali holidays.”