Press release – De Beers Group today announced the value of rough diamond sales (Global Sightholder Sales and Auctions) for the eighth sales cycle of 2021.
Owing to the restrictions on the movement of people and products in various jurisdictions around the globe, De Beers Group has continued to implement a more flexible approach to rough diamond sales during the eighth sales cycle of 2021, with the Sight event extended beyond its normal week-long duration. As a result, the provisional rough diamond sales figure quoted for Cycle 8 represents the expected sales value for the period 4 October to 19 October and remains subject to adjustment based on final completed sales.
| Cycle 8 2021 (provisional)1 |
Cycle 7 2021 (actual)2 |
Cycle 8 2020 (actual) |
|
| Sales value3 ($m) | 490 | 522 | 467 |
Bruce Cleaver, CEO, De Beers Group, said: “As the diamond sector prepares for the key holiday season and US consumer demand for diamond jewellery continues to perform strongly, we saw further robust demand for rough diamonds in the eighth sales cycle of the year ahead of the Diwali holiday when demand for rough diamonds is likely to be affected by the closure of polishing factories in India.”
Notes
1. Cycle 8 2021 provisional sales value represents sales as at 19 October 2021.
2. Cycle 7 2021 actual sales value represents sales between the dates of 23 August to 7 September.
3. Sales values are quoted on a consolidated accounting basis. Auction sales included in a given cycle are the sum of all sales between the end of the preceding cycle and the end of the noted cycle.
