https://www.miningweekly.com

De Beers records strong sixth-cycle sales

28th July 2021

By: Tasneem Bulbulia

Senior Contributing Editor Online

     

Font size: - +

Diamond miner De Beers Group sold about $510-million of rough diamonds in its sixth sales cycle of the year.

Sales were significantly higher than the $116-million of rough diamonds sold in the sixth sales cycle of 2020. It is also higher than the $477-million of rough diamonds sold during the fifth sales cycle of this year.

“Our sixth sales cycle of the year has seen the continuation of good demand for rough diamonds, driven by strong demand for diamond jewellery in the key US and China consumer markets.

“With the ongoing strength in consumer sales of diamond jewellery, the outlook remains positive for the second half of the year, subject to the risks that the pandemic continues to present across the globe,” CEO Bruce Cleaver says.

Owing to the restrictions on the movement of people and products in various jurisdictions around the globe, De Beers Group says it has continued to implement a more flexible approach to rough diamond sales during the sixth sales cycle, with the Sightholder event extended beyond its normal week-long duration.

As a result, the provisional rough diamond sales figure quoted for the sixth sales cycle represents the expected sales value for the period July 12 to 27 and remains subject to adjustment based on final completed sales.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

The functionality you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

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