Positive trends for diamond jewellery

Continued steady demand for rough: DeBeers 

De Beers Group announced the value of rough diamond sales (Global Sightholder Sales and Auctions) for the second sales cycle of 2023. The provisional rough diamond sales figure quoted for Cycle 2 represents the expected sales value for the period 20 February and 7 March and remains subject to adjustment based on final completed sales. 

Al Cook, CEO, De Beers Group, said: “In this, my first Sight update to the market, I am pleased to see continued steady demand for rough diamonds in line with our 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.” 

DeBeers	Cycle 2 2023 (provisional)[1]	Cycle 1 2023 (actual)[2]	Cycle 2 2022 (actual)
Sales value[3]($m)	495	454	652

[1] Cycle 2 2023 provisional sales value represents sales as at 7 March 2023 

[2] Cycle 1 2023 actual sales value represents sales between the dates of 16 January and 31 January

[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.