{"id":24046,"date":"2023-12-21T16:54:34","date_gmt":"2023-12-21T11:24:34","guid":{"rendered":"https:\/\/gjepc.org\/solitaire\/?p=24046"},"modified":"2023-12-21T16:54:34","modified_gmt":"2023-12-21T11:24:34","slug":"de-beers-rough-sales-rise-to-130-million-at-10th-sight","status":"publish","type":"post","link":"https:\/\/gjepc.org\/solitaire\/de-beers-rough-sales-rise-to-130-million-at-10th-sight\/","title":{"rendered":"De Beers Rough Sales Rise To $130 Million At 10th Sight"},"content":{"rendered":"

De Beers said its rough diamond sales for the tenth and final cycle of 2023 showed a sharp decline from the previous year. According to the company, the provisional sales value for the period between 9th<\/sup> November and 19th<\/sup> December was $130 million. This is a 69% drop from the $417 million recorded in the same cycle of 2022, and a 51% increase from the $86 million reported in the ninth cycle of 2023.<\/p>\n\n\n\n\n
<\/td>\nCycle 10 2023<\/strong><\/p>\n

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

Cycle 9 2023<\/p>\n

(actual)<\/td>\n

Cycle 10 2022<\/p>\n

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

Sales value<\/strong> ($m) <\/strong><\/td>\n130<\/strong><\/td>\n86<\/td>\n417<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

De Beers CEO Al Cook attributed the low sales to the company’s strategy of reducing its rough diamond supply to match the weak demand in the market. He said: \u201cIn the final sales cycle of 2023, De Beers continued to offer lower levels of rough diamond supply, in line with current demand. As the end-of-year holiday season progresses, we are seeing signs that the diamond industry is regaining its balance between wholesale supply and demand. Polished diamond prices look to have stabilised as inventory levels have decreased, though we expect improvements in rough diamond trading conditions to be gradual.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

De Beers said its rough diamond sales for the tenth and final cycle of 2023 showed a sharp decline from the previous year. According to the company, the provisional sales value for the period between 9th November and 19th December was $130 million. This is a 69% drop from the $417 million recorded in the…<\/p>\n","protected":false},"author":1,"featured_media":24047,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-24046","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin"],"acf":[],"yoast_head":"\nDe Beers Rough Sales Rise To $130 Million At 10th Sight - 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-rise-to-130-million-at-10th-sight\/\" \/>\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 Rise To $130 Million At 10th Sight - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine\" \/>\n<meta property=\"og:description\" content=\"De Beers said its rough diamond sales for the tenth and final cycle of 2023 showed a sharp decline from the previous year. 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