{"id":22626,"date":"2023-08-30T14:49:37","date_gmt":"2023-08-30T09:19:37","guid":{"rendered":"https:\/\/gjepc.org\/solitaire\/?p=22626"},"modified":"2023-08-30T14:49:37","modified_gmt":"2023-08-30T09:19:37","slug":"de-beers-rough-sales-dip-amid-softening-demand","status":"publish","type":"post","link":"https:\/\/gjepc.org\/solitaire\/de-beers-rough-sales-dip-amid-softening-demand\/","title":{"rendered":"De Beers Rough Sales Dip Amid Softening Demand"},"content":{"rendered":"

De Beers\u2019 rough diamond sales (Global Sightholder Sales and Auctions) for the seventh sales cycle of 2023 dropped 42% to $370 million versus the 7th<\/sup> sight a year ago, underlining a challenging market landscape and cautious midstream demand. The figures also reveal a 10% dip when compared to the immediate preceding 6th<\/sup> sales cycle of 2023.<\/p>\n\n\n\n\n
<\/td>\nCycle 7 2023<\/strong><\/p>\n

(provisional)<\/strong><\/td>\n

Cycle 6 2023<\/p>\n

(actual)<\/td>\n

Cycle 7 2022<\/p>\n

(actual)<\/td>\n<\/tr>\n

Sales value ($m)<\/strong><\/td>\n370<\/strong><\/td>\n411<\/td>\n638<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Al Cook, CEO, De Beers Group, said: \u201cWith the prevailing economic environment leading to softer end client demand for diamond jewellery in key consumer markets, and the traditionally lower levels of midstream trading during the summer period, Sightholders continued to take a prudent approach to their purchasing during the seventh sales cycle of the year.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

De Beers\u2019 rough diamond sales (Global Sightholder Sales and Auctions) for the seventh sales cycle of 2023 dropped 42% to $370 million versus the 7th sight a year ago, underlining a challenging market landscape and cautious midstream demand. The figures also reveal a 10% dip when compared to the immediate preceding 6th sales cycle of…<\/p>\n","protected":false},"author":1,"featured_media":22627,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-22626","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin"],"acf":[],"yoast_head":"\nDe Beers Rough Sales Dip Amid Softening Demand - 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-rough-sales-dip-amid-softening-demand\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"De Beers Rough Sales Dip Amid Softening Demand - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine\" \/>\n<meta property=\"og:description\" content=\"De Beers\u2019 rough diamond sales (Global Sightholder Sales and Auctions) for the seventh sales cycle of 2023 dropped 42% to $370 million versus the 7th sight a year ago, underlining a challenging market landscape and cautious midstream demand. 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