De Beers posted a 22% year-on-year jump in rough diamond sales to $410 million, at its 10th sight, which included global sightholder sales and auctions. Sales were 9.6% below the preceding 9th Sight of 2022.
Bruce Cleaver, CEO, De Beers Group, said: “Demand for our rough diamonds over the final sales cycle of 2022 was in line with expectations, ahead of the normal seasonal closure of polishing factories in southern Africa over the Christmas period and with Sightholders taking a prudent approach ahead of restocking after Christmas and the expected re-opening of the China market.”
Disclaimer: This information has been collected through secondary research and TJM Media Pvt Ltd. is not responsible for any errors in the same.
