https://www.miningweekly.com
Business|Diamonds|Mining
Business|Diamonds|Mining
business|diamonds|mining

De Beers sells $495m of rough diamonds in second sales cycle of 2023

De Beers CEO Al Cook

De Beers CEO Al Cook

8th March 2023

By: Donna Slater

Features Deputy Editor and Chief Photographer

     

Font size: - +

Anglo American's diamond mining business De Beers provisionally sold $495-million worth of rough diamonds through its global sightholder sales and auctions in its second sales cycle of 2023 – from February 20 to March 7.

Although the latest figure remains subject to adjustment based on final completed sales, it reflects an increase from the $454-million of rough diamonds sold in the first sales cycle of the year, but a decrease from the $652-million sold in the second sales cycle of 2022.

De Beers CEO Al Cook says there is continued steady demand for rough diamonds in line with De Beers’ expectations for sales as the year progresses.

“For example, we know that sightholders planned more of their purchases for later in 2023, given the economic uncertainty at the time they were taking their planning decisions at the end of 2022.

“It is also encouraging to see some positive trends in end-client demand for diamond jewellery at the start of the year,” he says.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

WearCheck
WearCheck

Leading condition monitoring specialists, WearCheck, help boost machinery lifespan and reduce catastrophic component failure through the scientific...

VISIT SHOWROOM 
Goodwin Submersible Pumps Africa (Pty) Ltd
Goodwin Submersible Pumps Africa (Pty) Ltd

Goodwin Submersible Pumps Africa is sole distributors for Goodwin electrically driven, submersible, abrasion resistance slurry pumps.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Hyphen, Eva mine, ferrochrome price make headlines
Hyphen, Eva mine, ferrochrome price make headlines
27th March 2024
Resources Watch
Resources Watch
27th March 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.111 0.141s - 91pq - 2rq
Subscribe Now