This contrasts with the $417 million in rough diamond sales in 2022’s eleventh sales cycle and the $660 million in rough diamond sales in the year’s first sales cycle.
“The end-of-year holiday season in 2022 saw strong consumer demand for diamond jewellery. Given the macroeconomic prognosis at the time, sightholders planned their 2023 allocation schedule cautiously in late 2022, giving more weight to the items that would be acquired as the year went on.
Although there is still some uncertainty surrounding the macroeconomic situation, CEO Bruce Cleaver predicts that demand will rise as China begins to reopen and inflation rates begin to fall in many major markets.
The De Beers Diamond Consortium is a worldwide business with expertise in the mining, exploitation, retail, trading, and production of industrial diamonds. The company engages in large-scale, open-pit alluvial and coastal mining.
The De Beers Diamond Consortium is a worldwide business with expertise in the mining, exploitation, retail, trading, and production of industrial diamonds. The company engages in large-scale, open-pit alluvial and coastal mining.
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