US & China Drive De Beers Rough Sales Momentum

De Beers Group said the value of rough diamond sales (Global Sightholder Sales and Auctions) for the fifth sales cycle of 2022 increased 36% year-on-year to $650 million and climbed 8% versus the preceding Cycle 4 of 2022.

Bruce Cleaver, CEO, De Beers Group, said: “Diamond jewellery demand continues to perform well in the key US market, and this was reinforced by positive sentiment following the influential JCK Las Vegas jewellery trade show held in mid-June. The continued strength of US demand for diamond jewellery and the gradual reopening of retail outlets in China following Covid-19-related lockdowns have supported the sales momentum of De Beers Group’s rough diamonds in the fifth sales cycle of the year.”

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