De Beers reported an 11% year-on-year drop in rough diamond production in Q1 2025, totalling 6.1 million carats. The decline is attributed to a continued response to sluggish global demand, with operations in Canada and South Africa seeing the steepest drops at 40% and 19%, respectively.<\/p>\n
Botswana saw an 8% production decline in Q1 to 4.6 million carats, largely due to planned reductions. De Beers signed a new long-term sales agreement with the Government of Botswana in Q1, signalling strategic alignment for the future.<\/p>\n
Rough diamond sales for the quarter amounted to 4.7 million carats, generating $520 million in revenue\u2014down 44% from $925 million a year earlier. The average realised price fell sharply to $124 per carat, a 38% drop, due to changes in sales mix and a 15% fall in the De Beers price index.<\/p>\n
De Beers continues to manage output cautiously while pursuing a dual-track process to divest or demerge from Anglo American, which is undergoing a broader portfolio simplification.<\/p>\n
Looking ahead, De Beers maintains its 2025 production guidance of 20\u201323 million carats, with continued flexibility to adjust in line with market conditions.<\/p>\n","protected":false},"excerpt":{"rendered":"
De Beers reported an 11% year-on-year drop in rough diamond production in Q1 2025, totalling 6.1 million carats. The decline is attributed to a continued response to sluggish global demand, with operations in Canada and South Africa seeing the steepest drops at 40% and 19%, respectively. Botswana saw an 8% production decline in Q1 to…<\/p>\n","protected":false},"author":1,"featured_media":31202,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-31201","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin"],"acf":[],"yoast_head":"\n