{"id":14921,"date":"2022-04-13T14:44:52","date_gmt":"2022-04-13T09:14:52","guid":{"rendered":"https:\/\/gjepc.org\/solitaire\/?p=14921"},"modified":"2022-04-13T14:44:55","modified_gmt":"2022-04-13T09:14:55","slug":"de-beers-cycle-3-rough-sales-stay-robust-at-565-million","status":"publish","type":"post","link":"https:\/\/gjepc.org\/solitaire\/de-beers-cycle-3-rough-sales-stay-robust-at-565-million\/","title":{"rendered":"De Beers Cycle 3 Rough Sales Stay Robust At $565 Million"},"content":{"rendered":"\n

De Beers\u2019 third sale of 2022 benefitted from strong demand for rough diamonds amid continuing geo-political tensions and sanctions imposed on Russia. The miner\u2019s third rough sales cycle of 2022 saw a 26% increase year-on-year to $565 million. However, sales were 13% lower versus $652 million posted for the preceding second sale of 2022.<\/p>\n\n\n\n

 <\/td>Cycle 3 2022<\/strong> (provisional)<\/strong>[1]<\/sup><\/a><\/td>Cycle 2 2022 (actual)[2]<\/sup><\/strong><\/a><\/td>Cycle 3 2021 (actual)<\/td><\/tr>
Sales value<\/strong>[3]<\/sup><\/a>($m)<\/strong><\/td>565<\/strong><\/td>652<\/td>450<\/td><\/tr><\/tbody><\/table>
Source: De Beers<\/em><\/figcaption><\/figure>\n\n\n\n

Bruce Cleaver, CEO, De Beers Group, said: \u201cOn the back of robust demand for rough diamonds in 2021 and jewellery sales in the first quarter of 2022, and reflecting continued year-on-year growth in consumer demand for diamond jewellery, demand for De Beers Group rough diamonds remained strong in the third sales cycle of 2022.<\/p>\n\n\n\n

\u201cAs we head into the seasonally slower second quarter of the year, diamond businesses are adopting a more cautious and watchful approach in light of the war in Ukraine and associated sanctions, as well as Covid-19 lockdowns in China.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

De Beers\u2019 third sale of 2022 benefitted from strong demand for rough diamonds amid continuing geo-political tensions and sanctions imposed on Russia. The miner\u2019s third rough sales cycle of 2022 saw a 26% increase year-on-year to $565 million. However, sales were 13% lower versus $652 million posted for the preceding second sale of 2022.  …<\/p>\n","protected":false},"author":1,"featured_media":14922,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-14921","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin"],"acf":[],"yoast_head":"\nDe Beers Cycle 3 Rough Sales Stay Robust At $565 Million - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine<\/title>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gjepc.org\/solitaire\/de-beers-cycle-3-rough-sales-stay-robust-at-565-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"De Beers Cycle 3 Rough Sales Stay Robust At $565 Million - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine\" \/>\n<meta property=\"og:description\" content=\"De Beers\u2019 third sale of 2022 benefitted from strong demand for rough diamonds amid continuing geo-political tensions and sanctions imposed on Russia. 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